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On Tuesday (May 12) at the New York close, the yield on the US 10-year benchmark Treasury rose by 4.95 basis points to 4.4630%, experiencing a nearly continuous upward trend throughout the day. It opened slightly lower at 08:00 (GMT+8), saw a brief “mild” V-shaped movement after the release of the US CPI inflation data at 20:30, and overall traded within the range of 4.4114%-4.4650% during the day.