The two-year U.S. Treasury yield rose by about 5 basis points this week, accumulating a rise of over 4 basis points, while the 10-year U.S. Treasury yield fell by more than 8 basis points during the "election + Federal Reserve rate cut week."
On Friday (November 8), at the New York close, the yield on the U.S. 10-year benchmark Treasury bond fell by 2.72 basis points to 4.2985%, a cumulative decline of 8.32 basis points for the week. The overall trend for the week showed an inverted U-shape, opening low at 4.2481% on November 6 at 08:00 Beijing time (around the time the U.S. election voting process had likely concluded), and then quickly rebounding, reaching 4.4768% at 20:27 on the 6th.
The yield on the 2-year U.S. Treasury bond rose by 4.83 basis points to 4.2477%, with a cumulative increase of 4.44 basis points for the week. It fell to 4.1268% at 23:18 on November 4, and significantly rebounded after the voting ended on election day, rising to 4.3073% at 11:00 on the 6th