The two-year U.S. Treasury yield rose more than 9 basis points on non-farm payroll day, with a cumulative increase of over 13 basis points this week

On Thursday (July 3), at the close in New York, the yield on the U.S. 10-year benchmark Treasury rose by 6.89 basis points to 4.3457%, showing a "W" shaped trend throughout the day, trading in the range of 4.2475%-4.3576%. When the U.S. non-farm payroll report was released at 20:30 Beijing time, it surged from around 4.26% to nearly 4.36%. This week (so far), it has accumulated an increase of 6.89 basis points. The yield on the two-year U.S. Treasury rose by 9.51 basis points to 3.8799%, trading in the range of 3.7517%-3.9089% during the day, with a cumulative increase of 13.20 basis points this week