The US Treasury yield curve is becoming steeper.

During the afternoon trading session in Asia, the long-term US Treasury bond yields rose while short-term bond yields slightly decreased, resulting in a steepening of the US Treasury yield curve. Potential drivers of US Treasury bond yields on the day included December industrial production and capacity utilization data, as well as speeches from Federal Reserve officials Michelle Bowman and Philip Jefferson. According to Tradeweb data, the two-year US Treasury bond yield slightly decreased by 0.5 basis points to 3.558%, the 10-year US Treasury bond yield increased by 0.6 basis points to 4.165%, and the 30-year bond yield increased by 0.9 basis points to 4.794%.