The two-year Treasury yield has fallen less than 4 basis points this week.
At the end of trading in New York on Friday (June 21), the yield on the benchmark 10-year U.S. Treasury bond fell 0.59 basis points to 4.2535%. It fell to a daily low of 4.2148% three minutes before the release of the U.S. PMI data at 21:45 Beijing time, and then rebounded to a daily high of 4.2768% at 22:48, a total drop of 2.74 basis points this week. The yield on the two-year U.S. Treasury bond fell 0.93 basis points to 4.7279%, trading in the range of 4.7372%-4.6917% during the session, a total drop of 3.75 basis points this week. The yield on the 10-year U.S. Treasury Inflation-Protected Securities (TIPS) rose 1.67 basis points to 2.0227%.
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