Bond Market Update

Gains Extended

• Recent action saw a push to fresh highs across the curve in a move that coincided with an acceleration of the advance in equities and a slide in the price of oil. The collection of moves followed reports that Iran's president signaled willingness to end the war if the country receives guarantees against additional attacks. With today's dip, the 10-yr yield is now down 19 basis points from Friday's high, but still up 34 basis points for the month.
• Yield Check:
  • 2-yr: -5 bps to 3.78%
  • 3-yr: -6 bps to 3.80%
  • 5-yr: -5 bps to 3.93%
  • 10-yr: -5 bps to 4.30%
  • 30-yr: -2 bps to 4.89%