The 2-year US Treasury yield fell by about 11 basis points, with US CPI data supporting Wall Street's expectation of the Fed cutting interest rates as early as September

At the New York closing on Thursday (July 11th), the yield on the U.S. 10-year benchmark Treasury bond fell by 7.59 basis points to 4.2082%. At 20:30 Beijing time, when the U.S. CPI data was released, it dropped from around 4.28% to below 4.18%, with a trading range throughout the day of 4.2958% to 4.1656%. The yield on the 2-year U.S. Treasury bond fell by 10.70 basis points to 4.5109%, trading in the range of 4.6409% to 4.4858% during the session. After the CPI data was released, it dropped from around 4.63% to near 4.50%. The 02/10-year U.S. Treasury bond yield spread rose by 3.091 basis points to -30.707 basis points. The yield on the U.S. 10-year Treasury Inflation-Protected Securities (TIPS) fell by 4.21 basis points to 1.9599%, dropping to 1.9024% when the U.S. CPI data was released