Odaily Planet News: U.S. Treasury yields remained largely unchanged during the Asian trading session as the market awaits the quarterly refinancing announcement and the ISM services PMI data. According to a survey of analysts by the Wall Street Journal, the U.S. January ISM services PMI is expected to decline from the previous 54.4 to 53.5. Michael Brown of Pepperstone pointed out in a report that the data will be closely watched, not only because of the overall performance following Monday's ISM manufacturing data, which significantly exceeded expectations, but also because the employment component index will be the focus, given that the January employment report will not be released on Friday. According to data from Tradeweb, the 10-year U.S. Treasury yield rose by 0.3 basis points to 4.274%; the 30-year U.S. Treasury yield remained stable at 4.906%. (Jinshi)
U.S. Treasury Yields Await Key Data as Market Eyes Refunding and ISM Services PMI
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Summary
U.S. Treasury yields remained stable in Asia as markets await inflation data and the ISM services PMI. Analysts predict a decline to 53.5 from 54.4. Pepperstone's Michael Brown emphasized the significance of the data, especially following strong manufacturing figures and the absence of the January jobs report. The employment index will attract attention. On-chain data showed the 10-year yield increased by 0.3 basis points to 4.274%, while the 30-year yield remained at 4.906%.
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