U.S. Treasury yields rose across the board, with the 2-10 year yields increasing by at least 10 basis points, and Powell's rate cut in December is not so certain

On Wednesday (October 29), at the New York close, the yield on the U.S. 10-year benchmark Treasury rose by 10.01 basis points to 4.0757%, trading within a range of 3.9718%-4.0776% during the day. Before 01:13 Beijing time, it maintained a slight increase, probing the psychological level of 4%. At 02:35, Federal Reserve Chairman Jerome Powell downplayed the prospects of a rate cut in December, leading to a significant rally, which then continued to expand