<p>On Wednesday (May 14), at the New York close, the yield on the U.S. 10-year Treasury rose by 7.13 basis points, reaching a daily high of 4.5363%. At 17:47 Beijing time, it refreshed the daily low to 4.4452%, breaking the earlier narrow consolidation pattern before 20:00 and continuing to rise.
The yield on the 2-year U.S. Treasury rose by about 6.0 basis points, reaching a daily high of 4.0592%, and also began to rise continuously before 20:00.
The yield spread between the 2-year and 10-year U.S. Treasuries narrowed by 1.666 basis points, reported at +47.722 basis points</p>

<p>On Wednesday (May 14), the yield on the U.S. 10-year Treasury rose by 7.13 basis points to 4.5363%, while the yield on the 2-year Treasury increased by about 6.0 basis points to 4.0592%. Traders continued to lower their expectations for a rate cut by the Federal Reserve, with the 2/10 year Treasury yield spread narrowing by 1.666 basis points to +47.722 basis points</p>

U.S. Treasury prices fell as traders continued to lower expectations for the Federal Reserve's interest rate cuts