两年期美债收益率跌超3.4个基点

Core Viewpoint - The U.S. Treasury yields experienced fluctuations in January, with the 10-year yield rising significantly, indicating a potential shift in market sentiment and investor expectations regarding interest rates and inflation [1] Group 1: Treasury Yields - The 10-year Treasury yield increased by 1.21 basis points to 4.2434%, with a cumulative rise of 7.84 basis points in January, showing a trading range of 4.1221%-4.3065% [1] - The 2-year Treasury yield decreased by 3.46 basis points to 3.5245%, with a cumulative increase of 5.14 basis points for the month [1] - The 30-year Treasury yield rose by 3.92 basis points to 4.8838% in January [1] Group 2: Yield Spread and Inflation-Linked Bonds - The 2/10 year Treasury yield spread increased by 5.072 basis points to +71.892 basis points, with a cumulative rise of 2.906 basis points in January, indicating a W-shaped reversal pattern [1] - The 10-year Treasury Inflation-Protected Securities (TIPS) yield rose by 1.21 basis points to 1.9027%, with a cumulative increase of 0.78 basis points in January [1] - The 2-year TIPS yield fell by 5.93 basis points to 0.6699%, with a significant cumulative drop of 48.86 basis points in January, declining from 1.1874% [1] - The 30-year TIPS yield remained approximately stable at 2.62% for the month [1]