Benchmark 10-year yields gained two basis points to 3.581%. They are up from a six-month low of 3.285% reached on Friday and are holding below a 15-year high of 4.338% on Oct. 21.
Two-year yields rose eight basis points to 4.155%, the highest since March 22. They are up from a six-month low of 3.555% on Friday but below the almost 16-year high of 5.084% hit on March 8. The closely watched yield curve between two-year and 10-year notes was last at minus 57 basis points. Fed funds futures traders are now pricing in a 55% chance of a 25 basis points interest rate increase at the Federal Reserve’s May 2-3 meeting.
March 30 Thursday 9:30AM New York / 1330 GMT
Price Current Net
Yield % Change
(bps)
Three-month bills 4.665 4.7856 0.013
Six-month bills 4.7025 4.8966 0.002
Two-year note 99-120/256 4.1545 0.075
Three-year note 101-230/256 3.9379 0.055
Five-year note 99-152/256 3.7148 0.040
Seven-year note 99-212/256 3.6531 0.029
10-year note 99-84/256 3.581 0.015
20-year bond 99-112/256 3.9157 -0.001
30-year bond 97-124/256 3.7658 -0.012
DOLLAR SWAP SPREADS
Last (bps) Net
Change
(bps)
U.S. 2-year dollar swap 31.75 -0.75
spread
U.S. 3-year dollar swap 16.50 -0.50
spread
U.S. 5-year dollar swap 5.50 -0.50
spread
U.S. 10-year dollar swap -1.25 -0.25
spread
U.S. 30-year dollar swap -46.50 0.25
spread
(Reporting by Karen Brettell Editing by Jonathan Oatis and
Mark Potter)