Bond Market Update

Rebound Moderated

• U.S. Treasuries have seen some recent backtracking from their intraday highs, which puts the action near the midpoint of today's trading range. The start of the new week has been largely uneventful on the Treasury side as the market spent the bulk of the morning in a slow rise off its opening lows. Equities however, have seen some more movement as the market reacts to the potential for another change in the tariff landscape. The tariff subject could be mentioned by President Trump when he makes an address from the Oval Office at 14:00 ET.
• Yield Check:
  • 2-yr: +4 bps to 3.66%
  • 3-yr: +3 bps to 3.62%
  • 5-yr: +4 bps to 3.74%
  • 10-yr: +5 bps to 4.28%
  • 30-yr: +6 bps to 4.98%