The two-year U.S. Treasury yield surged rapidly on Friday, with a cumulative increase of over 6.2 basis points this week

On Friday (January 16), at the New York close, the yield on the 10-year U.S. Treasury rose by 5.75 basis points to 4.2269%, an increase of 5.96 basis points for the week. The yield on the 2-year U.S. Treasury rose by 3.03 basis points to 3.5945%, quickly rising by 4 basis points after U.S. President Trump downplayed the possibility of White House advisor Hassett becoming the Federal Reserve Chairman, with a cumulative increase of 6.24 basis points for the week; the yield on the 30-year U.S. Treasury rose by 3.96 basis points to 4.8355%, with a cumulative increase of 2.24 basis points for the week. The yield spread between the 2-year and 10-year U.S. Treasuries rose by 2.723 basis points to +62.833 basis points, with a cumulative decrease of 0.285 basis points for the week. This week, the yield on the 10-year Treasury Inflation-Protected Securities (TIPS) rose by a cumulative 2.16 basis points to 1.8813%; the yield on the 2-year TIPS rose by a cumulative 0.62 basis points to 1.0411%; and the yield on the 30-year TIPS rose by a cumulative 0.41 basis points to 2.5822%