Short-term U.S. Treasury yields fall over 9 basis points

On Monday (March 30), at the New York close, the U.S. 10-year benchmark Treasury yield fell 8.95 basis points to 4.3383%, trading in the range of 4.4218%-4.3225% during the day. It was in a "high-level" volatile state throughout the day – holding steady around 4.4% before 18:30 Beijing time, and then continuously falling. After Federal Reserve Chairman Powell's speech concluded, it hit a daily low at 00:48. The 2-year U.S. Treasury yield fell 9.22 basis points to 3.8197%, trading in the range of 3.8955%-3.8054% during the day. The 20-year U.S. Treasury yield fell 7.42 basis points, and the 30-year U.S. Treasury yield fell 6.17 basis points. The 3-year U.S. Treasury yield fell 9.34 basis points, the 5-year U.S. Treasury yield fell 9.43 basis points, and the 7-year U.S. Treasury yield fell 9.35 basis points. The 02/10-year U.S. Treasury yield spread rose 0.269 basis points to +51.654 basis points. The yield on 10-year inflation-protected securities (TIPS) fell 8.39 basis points to 1.9931%; the 2-year TIPS yield fell 10.26 basis points to 0.5242%; the 30-year TIPS yield fell 5.54 basis points to 2.7186%.