Yields on U.S. Treasuries and the U.S. dollar have risen due to the expansion of the U.S. manufacturing industry.

In January, the expansion of the manufacturing sector in the United States was stronger than expected, boosting US bond yields and the US dollar. According to data from the Institute for Supply Management, the Purchasing Managers' Index in the United States was 52.6 in January, higher than December's 47.9, marking the 15th consecutive month of expansion in the country's economy. The market's average expectation was 48.4. The yield on the 10-year US Treasury bond was 4.275%, while the yield on the 2-year US Treasury bond was 3.572%. The US dollar index rose by 0.3%, expanding its gains in early trading, with the US dollar rising by 0.5% against the Japanese yen and by 0.4% against the Euro.