The yield on U.S. Treasury bonds rose slightly, causing a slight steepening of the yield curve.

The yield on U.S. Treasury bonds has edged slightly higher, with the yield curve steepening slightly during the Asian trading session. Market movements were lackluster following President Trump's State of the Union address. In this record-breaking speech lasting one hour and 48 minutes, he talked about a new era of economic prosperity, but polls have shown that Americans are unhappy with his handling of the economy. Joel Rossier of Danske Bank stated in a report that "President Trump, while announcing information about economic prosperity and a 'golden age,' also launched a few aggressive attacks on the Democratic Party and the Supreme Court." According to Tradeweb data, the two-year U.S. Treasury bond yield rose by 0.7 basis points to 3.461%, while the ten-year bond yield rose by 1.3 basis points to 4.045%.