Us short-term Treasuries plummeted after the University of Michigan's consumer confidence index was higher than expected

FAP, April 14-the yield on the two-year US Treasury bond rose to a new intraday high after the University of Michigan consumer confidence index was higher than expected. consumer expectations for the coming year have also risen higher than expected. At one point, the dollar index rose to 0.4%. Short-term varieties led the decline, pushing 2s10s spreads to a new intraday low, still leveling off about 7 basis points during the day. 2-year yields hovered around 4.10% of the intraday high, 13 basis points higher than Thursday's close.