The 2-year US Treasury yield fell by about 7 basis points on the release day of the PCE inflation index favored by the Federal Reserve

At the New York closing on Friday (September 27th), the yield on the US two-year Treasury bond fell by 6.95 basis points to 3.5592%, a cumulative drop of 3.19 basis points for the week, trading between 3.6389% and 3.5% during the period. Since September, the yield has dropped by 35.73 basis points, despite the Federal Reserve's announcement of a 50 basis point rate cut on September 18th. The yield had already fallen below the 3.6% level on September 6th and remained volatile around this level for the rest of the month