U.S. Treasury yields rebounded across the board on the Federal Reserve's rate cut day, rising by at least 4 basis points

On Wednesday (September 17), in late trading in New York, the yield on the U.S. 10-year benchmark Treasury rose by 6.11 basis points, reaching a daily high of 4.0891%. At 02:00 Beijing time, the Federal Reserve announced a 25 basis point rate cut, with the dot plot indicating an additional 50 basis points of rate cut space within the year. Prior to this, the yield fluctuated narrowly in the 4.04%-4% range before plunging to 3.9879%, rebounding after the press conference of Federal Reserve Chairman Jerome Powell began.

The yield on the 2-year U.S. Treasury rose by 4.99 basis points to 3.5531%, trading within the range of 3.4655%-3.5552% during the day. After the release of the Federal Reserve's decision statement, it dropped from 3.54%, briefly showing a V-shaped reversal