Bond Market Update

Recent Levels Maintained

• U.S. Treasuries have not seen much recent movement, which leaves the 30-yr bond just shy of its morning high while shorter tenors hover closer to lows that were marked in the late morning. Unlike Treasuries, other markets have seen a bit more activity with the S&P 500 (+0.7%) and Nasdaq (+0.8%) pushing to fresh record highs while the Dow (+0.7%) is approaching its record territory from early February. Crude oil, meanwhile, remains below $101/bbl, holding a slim loss for the day.
• Yield Check:
  • 2-yr: -1 bp to 3.98%
  • 3-yr: -1 bp to 4.02%
  • 5-yr: -2 bps to 4.11%
  • 10-yr: -3 bps to 4.45%
  • 30-yr: -4 bps to 5.01%