The aftermath of the Walsh nomination turbulence lingers as the market awaits refinancing announcements to usher in a new phase for US Treasury bonds

Jinse Finance reported that U.S. Treasury yields fell during the Asian session, retracing the gains in long-term yields from last Friday. The previous increase was triggered by President Trump nominating former Federal Reserve Governor Kevin Warsh to replace Jerome Powell as the chairman of the Federal Reserve. In addition to economic data, U.S. Treasury investors will also closely watch the Treasury Department's quarterly refinancing announcement. Deutsche Bank strategists noted in a report: "In Wednesday's refinancing statement, we expect the Treasury to reiterate its guidance to keep the size of nominal coupon-bearing bonds unchanged for the 'next several quarters,' while continuing to signal the possibility of future increases in issuance." According to Tradeweb data, the yield on the two-year U.S. Treasury note fell by 2.3 basis points to 3.502%, the 10-year yield dropped by 2.3 basis points to 4.217%, and the 30-year yield declined by 1 basis point to 4.862%. (Golden Ten Data)