Short-term U.S. Treasury yields rose by more than 10 basis points on non-farm payroll day
On Friday (January 10), at the New York close, the yield on the U.S. 10-year benchmark Treasury bond rose by 8.44 basis points to 4.7736%. When the U.S. non-farm payroll report was released at 21:30 Beijing time, it surged from around the flat position of 4.69% to 4.7860%, approaching the peak of 5.0187% on October 23, 2023, and the peak of 5.3228% on June 13, 2007. This week, it accumulated an increase of 16.79 basis points, trading overall in the range of 4.5733%-4.7860%. The yield on the 2-year U.S. Treasury bond rose by 12.15 basis points to 4.3855%, with a cumulative increase of 10.68 basis points this week, trading overall in the range of 4.2433%-4.3939%