The US treasury bond yields edged slightly higher, with US inflation data set to be released soon.

During the European trading session, US Treasury yields edged slightly higher, with investors focusing on the US December CPI data to be released at 13:30 Greenwich Mean Time. Economists surveyed expect the US December CPI to increase by 2.7% year-on-year, matching the November increase. Konstantinos Chrysikos of Kudotrade noted in a report that in addition to macroeconomic data, investors are also closely monitoring developments surrounding Federal Reserve Chairman Jerome Powell.