The 10-year U.S. Treasury yield rose more than 4 basis points this week

On Friday (August 15), at the New York close, the yield on the U.S. 10-year Treasury rose by 3.89 basis points to 4.3238%, an increase of 4.08 basis points for the week. It had previously dropped to 4.1979% three minutes before the release of the U.S. PPI data on August 14. The yield on the 2-year U.S. Treasury rose by 2.44 basis points to 3.7568%, with a cumulative decline of 0.55 basis points for the week, showing a V-shaped trend, having also fallen to 3.6513% before the PPI data was released. The yield spread between the 2-year and 10-year U.S. Treasuries increased by 1.449 basis points to +56.485 basis points, with a cumulative increase of 4.429 basis points for the week