US Treasury yields rose during afternoon trading in Asia, reversing the decline recorded on Tuesday due to US data. Bank of Denmark's Jens Peter Sorensen said in a report that President Donald Trump's order to block Venezuelan oil tankers also boosted yields slightly overnight. US Treasury yields and German treasury bond futures both returned to levels before employment data was released on Tuesday. “Notably, 10-year US Treasury yields have been trading in a narrow range of 4.14%-4.19% since the beginning of last week,” the chief analyst said. According to Tradeweb data, two-year US Treasury yields rose 2.5 basis points to 3.502%; 10-year US Treasury yields rose 1.9 basis points to 4.168%.

US Treasury yields rose during afternoon trading in Asia, reversing the decline recorded on Tuesday due to US data. Bank of Denmark's Jens Peter Sorensen said in a report that President Donald Trump's order to block Venezuelan oil tankers also boosted yields slightly overnight. US Treasury yields and German treasury bond futures both returned to levels before employment data was released on Tuesday. “Notably, 10-year US Treasury yields have been trading in a narrow range of 4.14%-4.19% since the beginning of last week,” the chief analyst said. According to Tradeweb data, two-year US Treasury yields rose 2.5 basis points to 3.502%; 10-year US Treasury yields rose 1.9 basis points to 4.168%.