2-Year U.S. Treasury Yield Hits Over One-Year High, Then Turns and Falls Approximately 7.4 Basis Points

In late New York trading on Friday (March 27), the 10-Year U.S. Treasury Note yield rose 1.61 basis points to 4.4278%, reaching 4.4819% at 21:10 Beijing time, nearing the 4.5% mark and the May 22, 2025 high of 4.6247%, with a cumulative weekly increase of 4.82 basis points. The 2-Year Treasury Yield fell 7.39 basis points to 3.9119%, having reached 4.0248% at 17:08, nearing the March 19, 2025 high of 4.0881%, with a cumulative weekly increase of 1.18 basis points; the 30-Year Treasury Yield rose 3.19 basis points to 4.9645%, with a cumulative weekly increase of 2.68 basis points. The 2/10-year Treasury yield spread rose 9.003 basis points to +51.385 basis points, and has continued to accelerate its rise since 18:00. The 10-year Treasury Inflation-Protected Securities (TIPS) yield rose 3.06 basis points to 2.1054%, with a cumulative weekly increase of 11.61 basis points; the 2-year TIPS yield fell 8.55 basis points to 0.6268%, with a cumulative weekly increase of 10.73 basis points and a cumulative weekly increase of 3.863 basis points; the 30-year TIPS yield rose 4.94 basis points to 2.7744%, with a cumulative weekly increase of 6.64 basis points.