Treasury yields rose in Asian trading as markets awaited ISM data and the nomination of Federal Reserve chair
2025-12-01 07:20:06
US Treasury yields rose during the Asian session after returning to normal trading on the back of Thanksgiving and last week's shortened session, as the market awaits new data to guide trading. Kirstine Kundby-Nielsen of Danske Bank said in a note that the market will be closely watching the data released this week as it awaits the US ISM manufacturing index for November, given that the Fed's interest rate decision remains uncertain. The analyst said the market will be particularly focused on any news from US President Trump regarding the nominee for the Fed chair. The two-year Treasury yield rose 0.5 basis points to 3.495 percent, while the 10-year yield rose 2.1 basis points to 4.039 percent, according to Tradeweb. (Golden Ten)
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