Short-term US Treasury yields fell more than 9 basis points.

Sina Finance reported on March 31st that in the late trading session in New York on Monday, the yield on the 10-year US benchmark Treasury fell by 8.95 basis points to 4.3383%, trading in a range of 4.4218%-4.3225% during the day, and remained in a downtrend throughout the day. Before 18:30 Beijing time, it was in a "high" oscillation state, stabilizing near 4.4%, and then continued to decline. After Federal Reserve Chairman Powell's speech ended, the daily low was refreshed at 00:48. The yield on 2-year US Treasury bonds fell by 9.22 basis points to 3.8197%, trading in a range of 3.8955%-3.8054% during the day. The yield on 20-year US Treasuries fell by 7.42 basis points, and the yield on 30-year US Treasuries fell by 6.17 basis points. The yield on 3-year US Treasuries fell by 9.34 basis points, the yield on 5-year US Treasuries fell by 9.43 basis points, and the yield on 7-year US Treasuries fell by 9.35 basis points. The spread in the 2/10-year US Treasury yield rose by 0.269 basis points to +51.654 basis points. The yield on 10-year Treasury inflation-protected securities (TIPS) fell by 8.39 basis points to 1.9931%; the yield on 2-year TIPS fell by 10.26 basis points to 0.5242%; and the yield on 30-year TIPS fell by 5.54 basis points to 2.7186%.