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

Odaily Planet Daily News: U.S. Treasury yields showed little change 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 attract attention, not only because of the overall performance following Monday’s much stronger-than-expected ISM Manufacturing data 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)