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Bond Market Update

  • The Market at 07:24 ET

    10-Year: -22/32…2.008…EUR/USD: 1.0880USD/JPY: 119.27

    Treasury Market Stands Its Ground

    • - Initial Jobless Claims: actual 282K, consensus 290K, prior 291K
    • - Continuing Jobless Claims: actual 2416K, consensus 2415K, prior 2422K (revised from 2417K) 
    • - Atlanta Fed President Lockhart (FOMC voter) participates in a discussion on monetary policy and the economic outlook: He said that markets are adjusting to the eventuality of a rate hike. He said that the first hike will come in June, July, or September
    • - $29 billion 7-year note auction: high yield 1.792%, bid-to-cover 2.32, indirect bid 50.5%