During late trading in New York on Wednesday, the yield on the U.S. 10-year Treasury note retreated significantly, falling to 4.2362% after reaching an intraday high of 4.2887%. Concurrently, the yield on the two-year U.S. Treasury also declined, settling at 3.6229% and maintaining a steady downward trajectory throughout the day. Notably, the spread between the two-year and 10-year Treasury yields widened to 61.328 basis points, indicating high volatility following a gap rebound during the trading session.
