Bond Market Update
Updated: 20-Jun-25 13:15 ET
Hovering Near Highs
Hovering Near Highs
- U.S. Treasuries trade on their highs after a steady rise through the morning that was sparked by dovish comments from Fed Governor Waller, who said that there is potential for a rate cut in July since tariffs should not lead to a meaningful boost to inflation. With the market pondering quicker action on the policy front, shorter tenors have been at the forefront of the rebound off opening lows with the 2-yr yield down four basis points today and down six basis points for the week. The 10-yr yield, meanwhile, is currently down five basis points from last week's settlement.
- Yield Check:
- 2-yr: -4 bps to 3.90%
- 3-yr: -5 bps to 3.85%
- 5-yr: -4 bps to 3.95%
- 10-yr: -3 bps to 4.37%
- 30-yr: -1 bp to 4.88%