Short-term U.S. Treasury yields rose by more than 10 basis points, with traders expecting the Federal Reserve to cut interest rates only twice this year

On Monday (May 12), at the New York close, the yield on the U.S. 10-year Treasury rose by 8.45 basis points to 4.4630%, remaining in an upward trend throughout the day, trading within a range of 4.3981%-4.4669%. The yield on the 2-year Treasury rose by 10.47 basis points to 3.9956%, with an intraday trading range of 3.9077%-4.0166%, refreshing the daily high at 19:02 Beijing time