Bond Market Update

Data Recon

• The Conference Board's Consumer Confidence Index increased to 91.2 in February (Briefing.com consensus: 86.0) from an upwardly revised 89.0 (from 84.5) in January. In the same period a year ago, the index stood at 100.1.
  • The key takeaway from the report is that the month-over-month improvement was driven by increased expectations, with all three components of the index—income, business, and labor market conditions—advancing from January.
• Yield Check:
  • 2-yr: +2 bps to 3.46%
  • 3-yr: +1 bp to 3.46%
  • 5-yr: +2 bps to 3.60%
  • 10-yr: +1 bp to 4.04%
  • 30-yr: UNCH at 4.69%