US Treasury yields generally fell, Powell says progress made in fighting inflation

At the New York closing on Tuesday (July 2), the yield on the U.S. 10-year benchmark Treasury bond fell by 3.56 basis points to 4.4257%. During Federal Reserve Chairman Powell's speech, it hit a daily low of 4.4099% at 21:38 Beijing time, spending most of the day in a downward trend. The yield on the 2-year U.S. Treasury bond fell by 1.86 basis points to 4.7370%, hitting a daily low of 4.7099% at 22:46. The 2/10-year U.S. Treasury bond yield spread fell by 1.095 basis points to -30.945 basis points. The yield on the U.S. 10-year Treasury Inflation-Protected Securities (TIPS) fell by 1.29 basis points to 2.1294%