【Two-Year U.S. Treasury Yield Drops Over 9 Basis Points on Powell's Speech Day】Golden Finance reports that on Friday (August 22), at the close in New York, the yield on the 10-year benchmark U.S. Treasury bond fell by 7.39 basis points to 4.2537%. At 22:00 Beijing time, Federal Reserve Chairman Powell spoke at the Jackson Hole Global Central Banking Conference, causing the yield to plunge from above 4.3% to nearly 4.24% instantly, followed by continuous low-level fluctuations. This week, it has cumulatively decreased by 6.22 basis points, showing an overall M-shaped trend, trading in the range of 4.3511%-4.2402%. The two-year U.S. Treasury yield dropped by 9.54 basis points to 3.6963%, and after Powell released dovish signals, it fell from the 3.78% level to below 3.7%, followed by continuous low-level fluctuations, with a cumulative drop of 5.42 basis points this week, trading in the range of 3.8040%-3.6732%.