The two-year US Treasury bond yield rose rapidly on Friday, with a cumulative increase of over 6.2 basis points for the week.

On Friday in New York, the US 10-year Treasury yield rose by 5.75 basis points to 4.2269%, with a weekly cumulative increase of 5.96 basis points. The 2-year US Treasury yield rose by 3.03 basis points to 3.5945%, quickly gaining 4 basis points after President Trump downplayed the possibility of White House advisor Hassett becoming the Federal Reserve chairman, with a weekly cumulative increase of 6.24 basis points. The 30-year US Treasury yield rose by 3.96 basis points to 4.8355%, with a weekly cumulative increase of 2.24 basis points. The 2/10-year US Treasury yield spread increased by 2.723 basis points to +62.833 basis points, down 0.285 basis points for the week. This week, the 10-year inflation-protected Treasury bond yield increased by 2.16 basis points to 1.8813%; the 2-year TIPS yield increased by 0.62 basis points to 1.0411%; and the 30-year TIPS yield increased by 0.41 basis points to 2.5822%.