Chris Iggo, Head of Investment Research at AXA Investment Managers, highlighted in a report that bond markets are currently displaying stability. "Despite concerns regarding Federal Reserve policy, inflation trajectory, and long-term fiscal conditions, US Treasury yield volatility has actually been more constrained than seasonal norms this summer."

He noted that the 10-year US Treasury yield continues to hover around 4.25%, confirming market demand resilience. According to Tradeweb data, during Asian trading hours: the 2-year Treasury yield declined 1 basis point to 3.747%, the 10-year yield retreated 2 basis points to 4.306%, and the 30-year yield similarly fell 2 basis points to 4.904%.