The US Treasury bond yields have risen due to the rebound in oil prices, causing the yield curve to steepen.

During the Asian trading session, US Treasury yields rose across the board as Brent crude oil prices rose above $100 per barrel, with high oil prices continuing to weigh on market sentiment due to their potential inflationary effects. Yields showed a steep increase, with long-term yields rising more than short-term yields. SEB economist Marcus Widen said in a report that oil prices fell slightly on Monday, "but concerns about oil supply pushed prices higher again this morning." According to Tradeweb data, the two-year US Treasury yield rose 1 basis point to 3.689%, the 10-year US Treasury yield rose 2.5 basis points to 4.244%, and the 30-year US Treasury yield rose 3.2 basis points to 4.888%.