The long-term U.S. Treasury yield has fallen by at least more than 5 basis points, continuing to drop away from the 200-day moving average

On Monday (September 8, the trading day after the release of the U.S. non-farm payroll report), at the New York close, the yield on the U.S. 10-year benchmark Treasury bond fell by 3.06 basis points to 4.0436%, trading within a range of 4.1010%-4.0398% during the day, approaching the April 4 low of 3.8564%.

The yield on the 2-year U.S. Treasury bond fell by 1.46 basis points to 3.4946%, trading within a range of 3.5277%-3.4802% during the day, having approached the April 7 low of 3.4305% on non-farm payroll day.

The yield on the 20-year U.S. Treasury bond fell by 5.25 basis points to 4.6495%, nearing the April 30 low of 1.6209%, and on non-farm payroll day, it had fallen below the 200-day moving average (currently at 4.7995%); the yield on the 30-year U.S. Treasury bond fell by 6.55 basis points, declining for four consecutive trading days to 4.6911%—during this period, it fell below the 50-day moving average, 100-day moving average, and 200-day moving average.

The yield on the 3-year U.S. Treasury bond fell by 2.27 basis points, the yield on the 5-year U.S. Treasury bond fell by 1.56 basis points, and the yield on the 7-year U.S. Treasury bond fell by 1.54 basis points.

The spread between the 3-month Treasury bill and the 10-year U.S. Treasury bond yield fell by 4.566 basis points to +1.353 basis points.

The spread between the 2-year and 10-year U.S. Treasury bond yields fell by 1.598 basis points to +54.699 basis points.

The spread between the 2-year and 30-year U.S. Treasury bond yields fell by 4.982 basis points, and the spread between the 5-year and 30-year U.S. Treasury bond yields fell by 5.093 basis points.

The yield on the U.S. 10-year Treasury Inflation-Protected Securities (TIPS) fell by 1.38 basis points to 1.6848%; the yield on the 2-year TIPS fell by 1.85 basis points, and the yield on the 30-year TIPS fell by 4.50 basis points to 2.4642%