[10-Year U.S. Treasury Yield Rises Approximately 5 Basis Points During Fed Rate Cut Week]
On Friday (December 12), at the close of trading in New York, the yield on the 10-year U.S. benchmark Treasury note rose 2.75 basis points to 4.1841%, with a cumulative increase of 4.90 basis points for the week, trading overall within the range of 4.1002%-4.2074%. The yield continued to climb from Monday to Wednesday ahead of the Federal Reserve's announcement of a rate cut and Treasury purchase plan, then exhibited a V-shaped trend. The yield on the 2-year U.S. Treasury note fell 1.82 basis points to 3.5222%, with a cumulative decline of 3.81 basis points for the week.