Powell's testimony on the favorable impact on US bond yields was short-lived, as the two-year US bond yield fell again

At the New York closing on Tuesday (July 9th), the yield on the U.S. 10-year benchmark Treasury bond rose by 1.56 basis points to 4.2939%. During Federal Reserve Chairman Powell's testimony, it rose to a daily high of 4.3272%, showing a trend of rising and then falling back since the release of the testimony. The yield on the 2-year U.S. Treasury bond fell by 0.84 basis points to 4.6201%, trading in the range of 4.6515%-4.6138% during the session. The 2/10-year U.S. Treasury bond yield spread increased by 2.613 basis points to -32.826 basis points. The yield on the U.S. 10-year Treasury Inflation-Protected Securities (TIPS) rose by 1.84 basis points to 2.0275%