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The yield on the 10-year US Treasury fell by 2.14 basis points to 4.2537%. After rising to 4.3101% at 15:11 Beijing time, it continued to fluctuate lower.
The yield on the 2-year US Treasury fell by 4.688 basis points to 3.6768%. The Asia-Pacific session started roughly flat, then fell sharply, and continued to fluctuate smoothly downwards from the end of the Asia-Pacific session; the US Treasury Department released auction results at 01:00, continuing the earlier decline during the day.
The spread between 2-year and 10-year US Treasury yields increased by 2.521 basis points to +57.466 basis points. After a short-term rally at the beginning of the Asia-Pacific session, it continued to fluctuate at high levels.
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