U.S. 2-Year Treasury Yield Falls 5 Basis Points on Non-Farm Employment Day, Weekly Decline Reaches Approximately 9.6 Basis Points

At the New York close on Friday (August 7), the U.S. 10-year benchmark Treasury yield fell 3.24 basis points to 4.6454%. It plunged from 4.6678% when the U.S. Non-Farm Employment report was released at 20:30 Beijing time, and hit a daily low of 4.6007% at 20:47. For the week, it accumulated a decline of 8.93%, with a notable drop on August 4.

The 2-year U.S. Treasury yield fell 5.02 basis points to 4.1952%. It plunged from 4.2306% upon the release of the Non-Farm Employment report, and refreshed its daily low to 4.1515% at 20:40. For the week, it accumulated a decline of 9.59 basis points.