The market is waiting for the refinancing to settle, with U.S. Treasury yields fluctuating narrowly ahead of data week

SmartContractAuditor · 2026-02-04T06:51:37+00:00

U.S. Treasury yields fluctuate slightly during Asian trading hours, with markets focusing on the upcoming quarterly refinancing announcement and January ISM Services PMI data. The PMI is expected to decline from 54.4 to 53.5, especially in the absence of the January employment report, with the employment component index drawing particular attention. The 10-year Treasury yield slightly rose to 4.274%.

SmartContractAuditor

2026-02-04 06:51:37

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Odaily Planet Daily News: U.S. Treasury yields showed little movement during Asian trading hours as the market awaits quarterly refinancing announcements and ISM Services PMI data. According to a survey by The Wall Street Journal of analysts, the U.S. January ISM Services PMI is expected to decrease from 54.4 to 53.5. Michael Brown of Pepperstone noted in a report that this data will be closely watched, not only because of the overall performance following the significantly better-than-expected ISM Manufacturing data on Monday, but also because, with the January employment report not being released on Friday, the employment component index will become a focal point. According to Tradeweb data, the 10-year U.S. Treasury yield rose 0.3 basis points to 4.274%; the 30-year U.S. Treasury yield remained stable at 4.906%. (Jin10)

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