US Treasury yields generally rose by more than 2 basis points, with investors focusing on the US government's upward revision of GDP data
At the New York closing on Thursday (August 29th), the yield on the 10-year US Treasury benchmark rose by 2.66 basis points to 3.8615%, trading in the range of 3.8140% to 3.8863%. At 20:30 Beijing time when the US GDP data was released, there was a significant rebound.
The yield on the 2-year US Treasury rose by 2.88 basis points to 3.8939%, trading in the range of 3.8485% to 3.9062%. When the US GDP data was released, it quickly rebounded from below 3.86% to above 3.88%