Bond Market Update

Morning Losses Reclaimed

• Longer-dated Treasuries are back near their starting levels while shorter tenors are a bit behind, though the entire complex is back to little changed. Treasuries marked lows in mid-morning trade, followed by a slow upward push that has reversed today's morning losses. Equities, meanwhile, have added to their gains with the S&P 500 now up 1.1% while the Nasdaq (+1.7%) remains ahead. On a side note, crude oil remains modestly lower, hovering near $100/bbl.
• Yield Check:
  • 2-yr: UNCH at 3.80%
  • 3-yr: UNCH at 3.82%
  • 5-yr: UNCH at 3.95%
  • 10-yr: UNCH at 4.31%
  • 30-yr: UNCH at 4.89%