US Treasury Yields Show Mixed Performance During Afternoon Asian Trading

Deep News01-08

During the afternoon Asian trading session, US Treasury yields displayed a divergent performance. Yields on medium and short-term bonds declined, while those on long-term bonds with maturities of 10 years and above showed little change. The market's attention is set on key US economic data releases, with weekly jobless claims figures due on Thursday, followed by the crucial December employment report on Friday. Michiel Tukker and Benjamin Schroeder from ING Groep NV noted in a report, "On the data front, the market's focus remains squarely on the US labor market." Additionally, Federal Reserve Governor Stephen Miran, an official who supports lowering interest rates, is scheduled to deliver a speech. According to data from Tradeweb, the yield on the two-year Treasury note fell by 1.6 basis points to 3.451%; the 10-year yield edged down by 0.4 basis points to 4.133%, while the 30-year yield saw a slight increase of 0.5 basis points to 4.819%.

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