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US 2-Year Treasury Yield Rises 4bp to 4.7124% During Warsh Press Conference

The US two-year Treasury yield climbed about 4 basis points to a session high of 4.7124% during Kevin Warsh’s press conference, after touching a session low of 4.5975% at 01:56 Beijing time. The 10-year benchmark yield rebounded to near 4.99%, pulling away from its session low of 4.9323% hit when the rate hike was announced at 02:00.

Original source

AI take

The two-year leg leading the move matters more than the headline print: front-end yields are the cleanest read on how markets are repricing the expected policy path, and a 4bp swing inside a single press conference suggests traders were actively revising that path as remarks landed, not reacting to the rate decision itself. The 10-year's rebound off its post-announcement low points to a curve move rather than a uniform duration selloff. Whether the front end holds these levels once the press conference fades is the open question.

Generated by AI for reference only.

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