U.S. Treasury prices have risen for five consecutive days, and Trump's Treasury Secretary Mnuchin supports Powell

On Tuesday (July 22), at the close in New York, the yield on the U.S. 10-year benchmark Treasury bond fell by 3.37 basis points to 4.3440%, trading within a range of 4.3957%-4.3262% during the day. The yield on the 2-year U.S. Treasury bond fell by 2.74 basis points to 3.8334%, trading within a range of 3.8693%-3.8207% during the day. The yield on the 20-year U.S. Treasury bond fell by 3.33 basis points, and the yield on the 30-year U.S. Treasury bond fell by 2.67 basis points. The yield on the 3-year U.S. Treasury bond fell by 3.36 basis points, the yield on the 5-year U.S. Treasury bond fell by 3.16 basis points, and the yield on the 7-year U.S. Treasury bond fell by 3.41 basis points. The yield on the U.S. 10-year Treasury Inflation-Protected Securities (TIPS) fell by 0.99 basis points to 1.9320%. On that day, U.S. Treasury Secretary Janet Yellen stated that Federal Reserve Chairman Jerome Powell has no reason to resign (his term is set to expire in May 2026)