The two-year U.S. Treasury yield rose more than 12 basis points on the U.S. non-farm payrolls day

On Friday (May 2), at the New York close, the yield on the 10-year benchmark U.S. Treasury rose by 8.88 basis points to 4.3064%. After the release of the U.S. non-farm payroll report at 20:30 Beijing time, it quickly surged significantly from around the flat line of 4.22%, accumulating a rise of 7.30 basis points for the week. The yield on the 2-year U.S. Treasury increased by 12.53 basis points to 3.8239%, with a cumulative increase of 7.60 basis points for the week. It had continuously and smoothly declined to 3.5535% until May 1 at 20:36, before rebounding