The 10-year U.S. Treasury yield has fallen by over 7 basis points this week.

On Friday (June 20) at the New York close, the yield on the U.S. 10-year benchmark Treasury fell by 1.57 basis points to 4.3751%, with a cumulative drop of 7.11 basis points this week, remaining in a downward trend and trading overall in the range of 4.4443%-4.3377%. The 2-year U.S. Treasury yield fell by 3.337 basis points to 3.9077%, with a cumulative drop of 5.87 basis points this week, trading overall in the range of 3.9749%-3.8824%. It only saw a brief increase after the U.S. stock market opened on Monday, and sharply dropped to this week's lowest level on Wednesday when the Federal Reserve announced that the FOMC had held rates steady for four consecutive times and revealed the Economic Projections Summary (including the interest rate expectations dot plot).