Back

US Treasury Yields Rise Following Robust ISM Manufacturing PMI Data

US Treasury yields held steady in Asian trading as markets anticipate January ISM Services PMI data and the Treasury’s quarterly refinancing details.

Summary

In Asian trading, US Treasury yields saw minimal movement ahead of the Treasury’s quarterly refinancing announcement and January ISM Services PMI data release, expected to drop from 54.4 to 53.5. The 10-year yield inched up 0.3 basis points to 4.274%, while the 30-year yield remained unchanged at 4.906%. Traders are watching these events for potential signals on economic growth and interest rate trends.

Terms & Concepts
  • Treasury yield: The return on investment for US government bonds, expressed as a percentage, indicating market expectations for interest rates and economic conditions.
  • ISM Services PMI: An index produced by the Institute for Supply Management that measures economic activity in the US services sector through monthly surveys of supply managers.
  • Basis point: A unit equal to 0.01%, commonly used to describe changes in interest rates or yields.