U.S. GDP and PCE data combined with the Supreme Court ruling on Trump's tariffs, U.S. Treasury yields "bottomed out and rebounded" on Friday

On Friday (February 20), at the end of trading in New York, the yield on the U.S. 10-year benchmark Treasury rose by 1.53 basis points to 4.0826%. When the U.S. GDP and the PCE inflation data favored by the Federal Reserve were disclosed at 21:30 Beijing time, it refreshed the daily low to 4.0520%. As the U.S. Supreme Court ruled that Trump's tariff policy was illegal, it surged to 4.1018%, refreshing the daily high, with a cumulative increase of 3.43 basis points for the week (four trading days). The yield on the two-year U.S. Treasury rose by 2.07 basis points to 3.4781%, trading within the range of 3.4318%-3.4949% during the day, also refreshing the daily low and high at the aforementioned two key time points, with a cumulative increase of 7.04 basis points for the week