U.S. Treasury yields rise, Trump administration delays release of employment data, dampening expectations for a Federal Reserve rate cut

On Wednesday (November 19), at the close in New York, the yield on the U.S. 10-year benchmark Treasury rose by 1.55 basis points to 4.1289%, trading within a range of 4.0960%-4.1328% during the day. The yield on the 2-year U.S. Treasury increased by 1.48 basis points to 3.5873%, trading within a range of 3.5537%-3.5978% during the day, reaching a daily high after the Federal Reserve released the meeting minutes. The yield on the 20-year U.S. Treasury rose by 1.69 basis points to 4.7164%; the yield on the 30-year U.S. Treasury increased by 1.59 basis points to 4.7488%. The yield on the 3-year U.S. Treasury rose by 1.40 basis points, the yield on the 5-year U.S. Treasury increased by 1.75 basis points, and the yield on the 7-year U.S. Treasury rose by 1.82 basis points. The spread between the 2-year and 10-year U.S. Treasury yields remained roughly flat at +53.955 basis points. The yield on the 10-year Treasury Inflation-Protected Securities (TIPS) rose by 1.94 basis points to 1.8306%; the yield on the 2-year TIPS increased by 4.05 basis points to 1.0878%; the yield on the 30-year TIPS rose by 2.12 basis points to 2.5264%