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The 10-year U.S. Treasury yield has fallen by more than 7 basis points this week.
Golden Finance reports that on Friday (June 20), at the close in New York, the yield on the 10-year benchmark U.S. Treasury bond fell by 1.57 basis points to 4.3751%. This week, it has cumulatively fallen by 7.11 basis points and has been in a downtrend, trading within the range of 4.4443%-4.3377%. The yield on the 2-year U.S. Treasury bond fell by 3.337 basis points to 3.9077%, with a cumulative decline of 5.87 basis points this week, trading within the range of 3.9749%-3.8824%. It only experienced a brief rise after the U.S. stock market opened on Monday, and on Wednesday, the Federal Reserve announced that the FOMC has held steady for four consecutive times, revealing the economic outlook summary (SEP) which includes the interest rate forecast dot plot, causing a "sharp" drop to the lowest point of the week.