News

On Wednesday (November 5th) at the New York close, the yield on the 10-year U.S. Treasury rose by 7.00 basis points to 4.1552%. It maintained a slight decline before the release of the U.S. ADP non-farm employment report at 21:15 Beijing time, refreshing the daily low to 4.0522% at 09:25. After the ADP data was released, it continued to rise, and after the release of the U.S. ISM non-manufacturing data at 23:00, it continued to increase, oscillating at a high level since 00:00, reaching as high as 4.1591%. The yield on the 2-year U.S. Treasury rose by 5.16 basis points to 3.6274%, with an intraday trading range of 3.5450%-3.6336%; the yield on the 30-year U.S. Treasury rose by 7.11 basis points to 4.7358%. The yield spread between the 2-year and 10-year U.S. Treasuries increased by 1.431 basis points to +52.160 basis points. The yield on the 10-year Treasury Inflation-Protected Securities (TIPS) rose by 5.98 basis points to 1.8386%; the yield on the 2-year TIPS rose by 6.78 basis points to 1.0173%; the yield on the 30-year TIPS rose by 5.38 basis points to 2.5004%