The yield on U.S. Treasuries once fell, and a survey showed that Powell's inflation expectations had "abnormally" decreased.

The yield on the 10-year US Treasury bond is currently down 2.19 basis points, at 4.4295%, hitting a daily low of 4.4155% at 22:00 Beijing time when US consumer confidence and inflation expectations data were released. The 2-year US Treasury yield remains down 3.33 basis points, at 3.8712%, hitting a daily low of 3.8585% at 21:03 when consumer confidence and inflation expectations data were released. The 30-year US Treasury yield is down 1 basis point, at 4.9958%, hitting a daily low of 4.9802% at 20:15 when data was released. The 2/10-year US Treasury yield spread rose to a daily high of +56.017 basis points before falling to +54.831 basis points at the time of data release.