Three-year US Treasury yield falls more than 7 basis points on US CPI inflation data release day

On Wednesday (June 11), at the close of trading in New York, the yield on the US 10-year benchmark Treasury note fell by 4.95 basis points to 4.4203%. At 20:09 Beijing time (less than half an hour before the release of the US CPI inflation data), it rose to a daily high of 4.5037%, then plunged to 4.44% when the data was released, and hit a daily low of 4.4045% at 02:28. The yield on the two-year US Treasury fell by 6.66 basis points to 3.9515%, reaching a daily high of 4.0433% at 20:04, dropping to 3.96% when the CPI data was released, and hitting a daily low of 3.9369% at 02:18. The yield on the three-year US Treasury fell by 7.22 basis points, the five-year by 6.49 basis points, and the seven-year by 6.03 basis points.