The 10-year US Treasury yield rose by 9 basis points this week as the Federal Reserve cut interest rates, while the 3-month/10-year Treasury yield spread widened by over 31 basis points

At the New York closing on Friday (September 20th), the yield on the 10-year US Treasury benchmark bond rose by 2.82 basis points to 3.7413%, with a cumulative increase of 9.00 basis points for the week, trading in the range of 3.5952% to 3.7661% during the period, showing an overall oscillating upward trend. The yield on the 2-year US Treasury bond rose by 0.97 basis points to 3.5910%. At 22:28 Beijing time, it hit a daily high of 3.6436% before experiencing a significant dive - during which Federal Reserve Board Governor Waller mentioned the possibility of another 50 basis point rate cut, leading to a decline after 00:00. Governor Bowman later explained his reasons for opposing a 50 basis point rate cut in September, with a cumulative increase of 0.86 basis points for the week, experiencing a V-shaped reversal on September 18th (the day the Fed announced a 50 basis point rate cut)