The yield of US Treasury bonds is rising, and the inflation data for January is soon to be released.

The US Treasury yields rose during the Asian trading session as the market awaited the release of January inflation data at 1330 Greenwich Mean Time. Analysts predict that the overall CPI year-on-year increase in January will slow from 2.7% to 2.5%, while the core inflation rate will decrease from 2.6% to 2.5%. Michael Brown of Pepperstone said in a report, "Such data will reinforce the view that despite tariff-driven price risks, the US economy is still experiencing a gradual inflation decline." However, he noted that January is typically a "noisy" month for CPI data as businesses raise prices at the start of the year and the US Bureau of Labor Statistics recalculates seasonal adjustment factors. According to data from Tradeweb, the yield on 2-year US Treasury bonds rose 0.6 basis points to 3.470%, while the yield on 10-year bonds rose 0.9 basis points to 4.112%.