Bond Market Update

Sitting Tight

• Not much conviction on the part of buyers or sellers, who are waiting on several central bank decisions this week that will be interspersed with key economic data that includes the May retail sales, industrial production, and housing starts reports.
• Results for the 20-yr bond reopening will be released at the top of the hour. Last week's auctions were met with solid demand.
• Yield check:
  • 2-yr: -1 bp to 3.95%
  • 3-yr: -1 bp to 3.91%
  • 5-yr: -1 bp to 4.01%
  • 10-yr: unch at 4.42%
  • 30-yr: -1 bp to 4.91%