The two-year US Treasury yield reached a new high of over one year, then subsequently fell by about 7.4 basis points.

On Friday, the New York closing, the yield on the 10-year U.S. Treasury rose 1.61 basis points to 4.4278%, reaching 4.4819% at 21:10 Beijing time, approaching the 4.5% mark and the May 22, 2025 high of 4.6247%, with a cumulative increase of 4.82 basis points for the week. The yield on the 2-year U.S. Treasury fell by 7.39 basis points to 3.9119%, reaching 4.0248% at 17:08, approaching the March 19, 2025 high of 4.0881%, with a cumulative increase of 1.18 basis points for the week; the yield on the 30-year U.S. Treasury rose by 3.19 basis points to 4.9645%, with a cumulative increase of 2.68 basis points for the week. The 2/10 year U.S. Treasury yield spread rose by 9.003 basis points to +51.385 basis points, and has been accelerating since 18:00. The 10-year inflation-protected Treasury yield rose by 3.06 basis points to 2.1054%, with a cumulative increase of 11.61 basis points for the week; the 2-year TIPS yield fell by 8.55 basis points to 0.6268%, with a cumulative increase of 10.73 basis points for the week, and a cumulative increase of 3.863 basis points for the week; the 30-year TIPS yield rose by 4.94 basis points to 2.7744%, with a cumulative increase of 6.64 basis points for the week.