
U.S. Treasury yields V-shaped reversal
On Wednesday (April 2), at the end of trading in New York, the yield on the U.S. 10-year Treasury rose by 2.47 basis points to 4.1936%, having formed a V-shaped reversal during the day. At 21:26 Beijing time (after the release of the ADP small non-farm employment report and before the opening of the U.S. stock market), it refreshed the daily low to 4.1080%, and then continued to rebound smoothly, reaching a daily high of 4.2242% at 00:50. The yield on the 2-year U.S. Treasury rose by 3.29 basis points to 3.9139%, trading between 3.8419% and 3.9304% during the day. The 2/10 year U.S. Treasury yield spread fell by 0.629 basis points to +27.758 basis points