Yields Continue Upward Creep

Early activity in the Treasury market has produced lower prices and higher yields. Later this morning, news of home prices will be reported through the FHFA House Price Index along with the CoreLogic Case-Shiller Price Index. Also later, the Conference Board will update its Consumer Confidence Index.

So far, the half-point slide in the Long Bond has pushed that yield up to 2.43% while a smaller decline in the Ten Year’s price has taken that yield to 1.75%. The Two-Year is languishing around 15 basis points. Gold prices continue to fall and this morning’s $22 dip has taken that price to $1,689. Crude oil is down about one dollar to $60.56. Equity indices are flashing slightly red in pre-market trading.