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On Wednesday (December 10), at the New York close, the yield on the 10-year U.S. Treasury bond fell by 4.10 basis points to 4.1468%, trading within a range of 4.2074%-4.1351% during the day. It dipped below 4.14% when the interest rate cut and bond purchase plan were announced at 03:00 Beijing time, then briefly rebounded to near flat, before falling again to 4.13% following the press conference by Federal Reserve Chairman Jerome Powell. The yield on the 2-year U.S. Treasury bond fell by 7.65 basis points to 3.5381%, trading within a range of 3.6253%-3.5257% during the day, with the decline during Powell's press conference exceeding the drop at the time of the resolution statement
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