This week, the yield on 10-year US Treasury bonds has dropped by more than 7 basis points.

On Friday in New York, the US 10-year benchmark Treasury yield fell by 1.57 basis points to 4.3751%, with a cumulative decline of 7.11 basis points for the week. It has been in a downward trend, with overall trading in the range of 4.4443%-4.3377%. The 2-year Treasury yield fell by 3.337 basis points to 3.9077%, with a cumulative decline of 5.87 basis points for the week. It has been trading in the range of 3.9749%-3.8824%. It briefly rose after the opening of the US stock market on Monday, but plummeted to its lowest point of the week on Wednesday after the Federal Reserve announced the FOMC's decision to keep rates unchanged for the fourth consecutive time and disclosed an overview of economic expectations.