The 2-year US Treasury yield fell more than 10 basis points, with investors anticipating a rate cut by the Federal Reserve in September following the non-farm payroll report

At the New York closing on Friday (July 5th), the yield on the U.S. 10-year benchmark Treasury bond fell by 8.42 basis points to 4.2745%. At 20:30 Beijing time when the U.S. non-farm payroll report was released, it rebounded and rose to a daily high of 4.3823%, then instantly fell below 4.28%, showing a volatile downward trend throughout the day, with a cumulative decline of 11.97 basis points this week. The yield on the two-year U.S. Treasury bond fell by 10.44 basis points to 4.6014%, trading in the range of 4.7353% to 4.5973% during the session, with a cumulative decline of 15.20 basis points this week. The 02/10-year U.S. Treasury bond yield spread rose by 2.226 basis points to -33.117 basis points, with a cumulative increase of 3.024 basis points this week. The yield on U.S. 10-year Treasury Inflation-Protected Securities (TIPS) fell by 8.44 basis points to 1.9980%