US Treasury bond yields fall, market awaits data and refinancing announcements.

During the Asian trading session, US Treasury yields declined as the market remained cautious ahead of the October ADP employment report and the release of the US Institute for Supply Management's non-manufacturing purchasing managers' index. The ongoing government shutdown has prevented the market from obtaining some of the most closely watched indicators, making these data more significant than usual. Another potential driving factor may be the quarterly refunding announcement from the US Treasury, which announced a decrease in bond issuance for the fourth quarter on Monday. According to Tradeweb's data, the yield on US 2-year Treasury bonds fell by 1.8 basis points to 3.565%, while the yield on US 10-year Treasury bonds fell by 1.4 basis points to 4.076%.