The 2-year US Treasury yield rose more than 2 basis points, and the yield curve flattened on the US CPI release day, with the "Fed rate cut premium" fading after the data release

At the New York closing on Wednesday (August 14th), the yield on the 10-year US Treasury benchmark bond fell by 1.32 basis points to 3.8295%. At 20:30 Beijing time when the US CPI data was released, it hit a daily low of 3.8031%, quickly rebounded, and then hit a daily high of 3.8674%. The yield on the 2-year US Treasury bond rose by 2.43 basis points to 3.9537%. When the US CPI data was released, it hit a daily low of 3.8685%, then rebounded, quickly hitting a daily high of 3.9912%