10-year US Treasury yield drops 7 basis points, investors focus on weak US job data.

On Thursday, the New York closing bell saw the yield on the US 10-year Treasury bond fall by 7.01 basis points to 4.0890%, staying in a downward trend throughout the day. After a slight "gap down" at 8:00 Beijing time, it maintained a steady decline until 21:00 when it began to accelerate smoothly, hitting a daily low of 4.0773% at 00:39 before stabilizing at a lower level. The yield on the 2-year US Treasury bond dropped by 6.59 basis points to 3.5636%, hitting a daily low of 3.5450% at 00:45. Meanwhile, the yield on the 30-year US Treasury bond fell by 5.47 basis points to 4.6830%. The spread between 2/10-year US Treasury yields remained roughly unchanged at +52.540 basis points. The yield on the 10-year inflation-indexed Treasury bond fell by 4.41 basis points to 1.8025%, hitting a daily low of 1.7876% at 00:40. The yield on the 2-year TIPS dropped by 2.11 basis points to 1.002%, while the yield on the 30-year TIPS fell by 3.37 basis points to 2.4698%.