The two-year U.S. Treasury yield fell by more than 7 basis points, as investors focus on the Federal Reserve's interest rate cut prospects for the year and the credit crisis in the U.S. banking sector

On Thursday (October 16), at the New York close, the yield on the U.S. 10-year benchmark Treasury bond fell by 5.37 basis points to 3.9745%, trading within a range of 4.0493%-3.9669% during the day.

The yield on the 2-year U.S. Treasury bond fell by 7.30 basis points to 3.4243%, trading within a range of 3.5139%-3.4076% during the day.

The yield on the 20-year U.S. Treasury bond fell by 4.12 basis points, while the yield on the 30-year U.S. Treasury bond fell by 4.10 basis points.

The yield on the 3-year U.S. Treasury bond fell by 7.20 basis points, the yield on the 5-year U.S. Treasury bond fell by 6.93 basis points, and the yield on the 7-year U.S. Treasury bond fell by 6.42 basis points.

The spread between the 3-month Treasury bill and the 10-year U.S. Treasury bond yield fell by 3.258 basis points to +3.052 basis points.

The spread between the 2-year and 10-year U.S. Treasury bond yields rose by 1.929 basis points to +54.814 basis points.

The spread between the 2-year and 30-year U.S. Treasury bond yields rose by 3.202 basis points, and the spread between the 5-year and 30-year U.S. Treasury bond yields rose by 2.744 basis points.

The yield on the U.S. 10-year Treasury Inflation-Protected Securities (TIPS) fell by 3.04 basis points to 1.6950%; the yield on the 2-year TIPS fell by 3.57 basis points to 0.9589%, and the yield on the 30-year TIPS fell by 2.80 basis points to 2.3753%