The yield on the US two-year Treasury bond rose by more than 7 basis points this week.

The yield on the two-year US Treasury rose by 3.14 basis points to 4.2079%, marking a cumulative increase of 7.09 basis points this week. The yield on the 30-year US Treasury fell by 0.60 basis points to 5.0587%. The spread between the 2-year and 10-year US Treasury yields narrowed by 2.125 basis points to +34.920 basis points. The yield on the 10-year Treasury Inflation-Protected Securities (TIPS) remained unchanged at 2.2952%; the yield on the two-year TIPS rose by 5.92 basis points to 2.1791%; the yield on the 30-year TIPS fell by 1.29 basis points to 2.8617%.