The refunding announcement was supposed to point out a dip from the prior estimates. As a substitute the refunding wants elevated by 20%. Yikes.
Bond yields have moved off low ranges on the day, however nonetheless are unfavourable on the day with the:
- two 12 months yield at 4.970%, -2.3 foundation factors
- 5-year yield at 4.649%, -4.2 foundation factors
- 10 12 months yield 4.65%, -4.3 foundation factors
- 30-year yield 4.749%, -3.2 foundation factors
the larger response is within the inventory market the place the broader S&P and NASDAQ indices at the moment are unfavourable on a day. The Dow Industrial Common averages unchanged:
- S&P index -6.37 factors or -0.12% at 5093.81
- NASDAQ index -25.23 factors or -0.17% at 15900.13
The USD is a little bit larger however nonetheless effectively off the highs for the day.
