Short-term U.S. Treasury yields fell more than 3 basis points on the day the "Federal Reserve Minutes stated consideration of pausing QT."

On Wednesday (February 19), at the end of trading in New York, the yield on the U.S. 10-year Treasury bond fell by 1.57 basis points to 4.5346%, trading throughout the day in the range of 4.5738%-5.5268%. It remained stable around 4.55% before 16:00 Beijing time, then fluctuated upward, reaching a daily high at 21:33 before experiencing two significant downward waves. The yield on the 2-year U.S. Treasury bond fell by 3.37 basis points to 4.2719%, with an intraday trading range of 4.3079%-4.2676%, accelerating its decline after the release of the Federal Reserve's meeting minutes at 03:00. The yield on the 3-year U.S. Treasury bond fell by 3.66 basis points, the yield on the 5-year U.S. Treasury bond fell by 3.38 basis points, and the yield on the 7-year U.S. Treasury bond fell by 1.85 basis points. The yield on the 20-year U.S. Treasury bond fell by 0.12 basis points, and the yield on the 30-year U.S. Treasury bond fell by 0.10 basis points. The 2/10-year U.S. Treasury bond yield spread increased by 1.966 basis points to +26.064 basis points, having reached a daily high of +27.321 basis points before the release of the Federal Reserve's meeting minutes