The 2-year US Treasury yield fell by about 10 basis points on non-farm payrolls day, and the 2/10-year yield curve ended its 26-month inverted state

At the New York closing on Friday (September 6th), the yield on the 10-year benchmark US Treasury bond fell by 1.71 basis points to 3.7099%. After the release of the US non-farm payroll report at 20:30 Beijing time, there was a low rebound. Following a speech by John Williams, the President of the Federal Reserve Bank of New York who enjoys permanent voting rights in the FOMC and is known as the "third in command" of the Federal Reserve, the yield hit a daily high of 3.7589%, then turned lower. It hit a daily low of 3.6443% when Federal Reserve Board member Lael Brainard "supported rate cuts aggressively," marking a cumulative decline of 20.11 basis points for the week, showing a smooth oscillating downward trend