Short- to medium-term U.S. Treasury yields fell by at least 4 basis points, as Trump's tariffs bring trade uncertainty risks

On Monday (February 23), at the New York close, the yield on the U.S. 10-year Treasury bond fell by 5.36 basis points to 4.0290%, remaining in a downward trend throughout the day. At 15:00 Beijing time, it opened slightly lower and stabilized around 4.07% by 21:15, forming an intraday peak, before accelerating downward.

The yield on the 2-year U.S. Treasury bond fell by 4 basis points to 3.4380%; the yield on the 30-year U.S. Treasury bond fell by 2.24 basis points to 4.7011%.

The yield spread between the 2-year and 10-year U.S. Treasury bonds fell by 1.357 basis points to +58.887 basis points.

The yield on the 10-year Treasury Inflation-Protected Securities (TIPS) fell by 2.58 basis points to 1.7608%; the yield on the 2-year TIPS fell by 1.58 basis points to 0.7066%; the yield on the 30-year TIPS fell by 0.04 basis points to 2.4864%, gradually recovering after hitting a daily low of 2.4620% at 00:07