The 10-year U.S. Treasury yield fell by about 4 basis points on the day the U.S. PCE inflation data was released, but it has still increased by more than 12 basis points this week

Wallstreetcn
2024.12.20 23:23

On Friday (December 20), at the New York close, the yield on the U.S. 10-year benchmark Treasury bond fell by 3.99 basis points to 4.5222%, remaining in a downward trend throughout the day. It dropped to 4.4823% at 00:59 Beijing time. For the week, it accumulated an increase of 12.55 basis points. Before the Federal Reserve announced a rate cut on December 18, it had been fluctuating around the 4.4% level. After Powell discussed the possibility of the FOMC pausing rate cuts, it briefly rose to 4.5923%.

The yield on the two-year U.S. Treasury bond fell by 0.63 basis points to 4.3102%, showing a V-shaped trend throughout the day. After the release of the PCE inflation data favored by the Federal Reserve, it quickly dropped to 4.2465% at 21:32, accumulating an increase of 6.54 basis points for the week, trading overall in the range of 4.2067% to 4.3609%

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