The 2-year US Treasury yield fell more than 8 basis points, steepening the yield curve. Former "Fed's top three" Dudley hopes the Fed will cut interest rates

At the New York closing on Wednesday (July 24th), the yield on the 10-year US Treasury benchmark rose by 2.15 basis points to 4.2720%, trading in the range of 4.2076% to 4.2877% during the session. The yield on the 2-year US Treasury fell by 8.13 basis points to 4.4101%, trading in the range of 4.4934% to 4.3750% during the session. The yield on the 20-year US Treasury rose by 4.47 basis points, and the yield on the 30-year US Treasury rose by 5.20 basis points