Bond Market Update

Losses Widened

• U.S. Treasuries have faced some more pressure, reaching fresh lows in recent trade. Yields are up about five basis points across the curve with the 10-yr yield now just three basis points below this week's high (4.318%) after setting a fresh low for the week (4.204%) at the start of today's session. Equities are hanging onto modest losses with the S&P 500 (-0.3%) trimming this week's gain to 1.0%.
• Yield Check:
  • 2-yr: +5 bps to 3.74%
  • 3-yr: +5 bps to 3.71%
  • 5-yr: +5 bps to 3.82%
  • 10-yr: +6 bps to 4.29%
  • 30-yr: +5 bps to 4.88%