U.S. Treasury yields rose in Asian trading as the market awaited ISM data and the nomination of the Fed chairman.

Jin10 reported that U.S. Treasury yields rose during the Asian trading session, as normal trading resumed following the Thanksgiving holiday and last week's shortened trading hours, with the market awaiting new data to guide trading. Danske Bank's Kirstine Kundby-Nielsen stated in a report that, given the uncertainty surrounding the Fed's interest rate decisions, the market will closely follow the data released this week, as the market awaits the U.S. ISM Manufacturing Index for November. The analyst noted that the market will pay particular attention to any news regarding U.S. President Trump’s nominee for Fed Chair. According to Tradeweb data, the two-year Treasury yield rose 0.5 basis points to 3.495%, while the ten-year Treasury yield rose 2.1 basis points to 4.039%.