The yield on US Treasury bonds changed little before the release of data and quarterly refinancing announcements.

During the Asian trading session, the US Treasury bond yield remained relatively stable as the market awaited the quarterly refunding announcement and the release of the ISM Non-Manufacturing Purchasing Managers' Index data. According to media surveys of analysts, the US ISM Non-Manufacturing PMI is expected to drop from a previous value of 54.4 to 53.5 in January. Michael Brown of Pepperstone stated in a report, "This data will be closely watched, not only in terms of overall figures, but also the employment sub-index will be a focus, as the January employment report will not be released until Friday." According to Tradeweb data, the 10-year US Treasury bond yield rose by 0.3 basis points to 4.274%, while the 30-year US Treasury bond yield remained stable at 4.906%.