<p>At the New York closing on Wednesday (August 14th), the yield on the 10-year US Treasury benchmark bond fell by 1.32 basis points to 3.8295%. At 20:30 Beijing time when the US CPI data was released, it hit a daily low of 3.8031%, quickly rebounded, and then hit a daily high of 3.8674%.
The yield on the 2-year US Treasury bond rose by 2.43 basis points to 3.9537%. When the US CPI data was released, it hit a daily low of 3.8685%, then rebounded, quickly hitting a daily high of 3.9912%</p>

<p>On the US CPI release day, the US Treasury yield curve flattened. At the New York close on Wednesday (August 14th), the yield on the 10-year benchmark Treasury bond fell by 1.32 basis points to 3.8295%, while the yield on the 2-year US Treasury bond rose by 2.43 basis points to 3.9537%. When the CPI data was released, both yields quickly rebounded after hitting daily lows, especially the 2-year yield, which bounced back from 3.8685% to 3.9912%</p>

Wallstreetcn

The 2-year US Treasury yield rose more than 2 basis points, and the yield curve flattened on the US CPI release day, with the "Fed rate cut premium" fading after the data release