Yields on most tenors are on course to finish the day at fresh highs for the year.
The long bond was the first to notch today’s session low just after the cash start, followed by a steady rise past its opening levels while other tenors followed suit a bit later.
Barring a late acceleration of today’s bounce, the complex remains on track for the fourth consecutive day of losses with the 10-yr yield up 15 basis points for the week and the 2-yr yield up 18 basis points since Friday’s settlement.
Yields:
2-yr: +5 bps to 4.35%
3-yr: +4 bps to 4.38%
5-yr: +4 bps to 4.45%
10-yr: +4 bps to 4.69%
30-yr: +2 bps to 5.17%