The 2-year US Treasury yield fell by about 8 basis points, as the US PPI data boosted market expectations for a rate cut by the Federal Reserve

Wallstreetcn
2024.08.13 19:50

At the New York closing on Tuesday (August 13th), the yield on the 10-year US Treasury benchmark bond fell by 5.32 basis points to 3.8503%, trading in the range of 3.9226% to 3.8465% during the session. The yield on the 2-year US Treasury bond fell by 7.75 basis points to 3.9398%, trading in the range of 4.0271% to 3.9356% during the session. After the release of US PPI data at 20:30 Beijing time, it dropped from the 4% integer level to around 3.95%

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