US bond yields rise as markets await Fed officials' remarks

US Treasury yields climbed during Wednesday's trading as investors assessed President Donald Trump’s speech today, Feb. 25, and monitored remarks from Federal Reserve officials regarding the outlook for US monetary policy.

The two-year Treasury yield—which is most sensitive to changes in monetary policy—climbed by 2.5 basis points (bps) to 3.481% as of 5:13 pm Makkah time.

The 10-year Treasury yield also gained approximately 2.5 bps, reaching 4.058%, while the 30-year Treasury yield added 1.6 basis points to hit 4.705%.

All eyes are on the US Treasury Department's auction of $70 billion in new five-year notes later today, which will serve as a fresh test of demand for US debt instruments.