The two-year U.S. Treasury yield rose more than 4 basis points on non-farm payroll day, with further increases driven by Powell's "patient remarks" compared to the data itself

On Friday (March 7), at the New York close, the yield on the U.S. 10-year benchmark Treasury rose by 2.27 basis points to 4.3011%, an increase of 9.29 basis points for the week. It fell to 4.1040% on March 4, then fluctuated upward, reaching 4.3417% on March 6. The yield on the two-year U.S. Treasury rose by 4.07 basis points to 3.9997%, fluctuating between 3.9% and 3.98% after the release of the U.S. non-farm payroll report at 21:30 Beijing time. After Federal Reserve Chairman Jerome Powell stated "no rush to act" at 01:30, it quickly surged above 4.02% from the 3.9% level, with a cumulative increase of 1.29 basis points for the week, having fallen to 3.8403% on March 4 and then rising to 4.0398% on March 6