U.S. Treasuries hold modest losses after dipping from their opening levels.
Past hour has seen some more selling, which lifted yields back to yesterday’s highs. Equities are off to a flat start with the S&P 500 (+0.1%) holding a slight gain while the Nasdaq (-0.3%) lags.
13:00 ET: $40 bln 3-yr Treasury note auction results
March NFIB Small Business Optimism Index (actual 90.1; prior 90.9)
World Bank raised its 2023 global growth forecast to 2.0% from 1.7%.
The Bank of Korea left its base rate at 3.50%, as expected.
Japan will chair a meeting of G7 finance leaders in Washington tomorrow.
Yields
2-yr: +1 bp to 4.01%
3-yr: UNCH at 3.78%
5-yr: +1 bp to 3.53%
10-yr: +2 bps to 3.43%
30-yr: +1 bp to 3.64%