"Treasury bonds are a type of government bond, which is a fixed-income security issued by the government to the public. A 2-year Treasury bond refers to a government bond issued by the government with a maturity of 2 years. The yield is the amount that investors hold before the maturity date. There is the rate of return that the national bond can obtain. In the financial market, the rate of return of the national bond is usually regarded as an indicator for measuring risk and expected inflation, and has important reference value for investors and policy makers.

The yield of government bonds depends on a variety of factors, including the macroeconomic environment, monetary policy, market supply and demand, and government financial conditions. If there are factors such as strong economic growth, high inflation expectations, and tight monetary policy, Treasury yields usually rise, and vice versa.

Changes in the 2-year Treasury yield are of great significance to investors. If the 2-year Treasury yield rises, it means that investors can get higher returns, but it also means that the market expects that future inflation may increase or economic growth may slow down. If the 2-year Treasury yield falls, it means that investors will get less returns, but it also means that the market expects that future inflation may be lower or economic growth may be faster.

The government raises funds by issuing treasury bonds to meet national expenditures and debt repayment needs. Buying Treasuries is a low-risk investment for investors because governments usually don't default and yields are relatively stable. "