---
title: "Short- to medium-term U.S. Treasury yields rose by at least 10 basis points on the \"Federal Reserve rate cut day,\" with the dot plot suggesting that the FOMC has only two opportunities for easing next year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/222728249.md"
description: "On Wednesday (December 18), the yield on the U.S. 10-year Treasury rose by 11.53 basis points to 4.5140%, while the yield on the 2-year Treasury increased by 10.98 basis points to 4.3545%. When the Federal Reserve released its interest rate decision statement and economic outlook summary, the yield broke through the 4.4% sideways consolidation state, approaching the peak of 4.57% on May 31, 2024. Before the conclusion of Federal Reserve Chairman Jerome Powell's press conference, the yield refreshed its daily high"
datetime: "2024-12-18T22:53:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/222728249.md)
  - [en](https://longbridge.com/en/news/222728249.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/222728249.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/222728249.md) | [繁體中文](https://longbridge.com/zh-HK/news/222728249.md)


# Short- to medium-term U.S. Treasury yields rose by at least 10 basis points on the "Federal Reserve rate cut day," with the dot plot suggesting that the FOMC has only two opportunities for easing next year

On Wednesday (December 18), at the end of trading in New York, the yield on the U.S. 10-year benchmark Treasury bond rose by 11.53 basis points to 4.5140%, trading within a range of 4.3790%-4.5220% during the day. At 03:00 Beijing time, when the Federal Reserve released its interest rate decision statement and Summary of Economic Projections (SEP, including the dot plot for interest rate forecasts), it broke the day's consolidation around 4.4% and surged. After the close of the U.S. stock market, it approached the top of 4.57% on May 31, 2024, having reached 4.7351% on April 25 of that year. The yield on the 2-year U.S. Treasury bond rose by 10.98 basis points to 4.3545%, trading within a range of 4.2067%-4.3609% during the day. The Federal Reserve's upward revision of policy rate expectations compared to the September SEP caused a "gap up" in the rates, and the day’s high was refreshed before the end of the press conference by Fed Chairman Jerome Powell

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