The U.S. Treasury yield curve remains stable, and CDS spreads narrow

On Tuesday (December 17), at the New York close, the yield on the U.S. 10-year benchmark Treasury bond fell by 0.20 basis points to 4.3948%, trading within a range of 4.4383%-4.3711% during the day, having refreshed its daily high before the release of U.S. retail sales data at 21:30 Beijing time. The yield on the 2-year U.S. Treasury bond fell by 0.64 basis points to 4.2426%, trading within a range of 4.2827%-4.2321% during the day, while European stock markets showed an inverted V-shaped trend during trading hours (16:00-00:30). The spread between the 3-month Treasury bill and the 10-year U.S. Treasury bond yield fell by 0.564 basis points to +7.148 basis points. The spread between the 02/10-year U.S. Treasury bond yields rose by 0.850 basis points to +14.781 basis points. The yield on U.S. 10-year Treasury Inflation-Protected Securities (TIPS) rose by 2.38 basis points to 2.0829%