Bonds Higher In Electronic Trade
Bonds yields continue to come under pressure in electronic trade in response to extended selling pressure in equities as DOW futures are now down 2% to 11,315 and S&P futures are down 1.5% to 1,265.
Bonds are all trading near intraday highs in aftermarket trade with the yield on the 30yr down 7bps to 4.57%, the 10yr yield down 10bps to 3.94%, the 5yr yield down 13bps to 3.23% and the 2yr yield down nearly 13bps to 2.5%.
The short end of the curve is also very well bid with the 4week bill yield down 13 bps to 1.49%, the 3month yield down 2bps to 1.66% and the 6month yield down 6bps to 1.86%.