US Treasury yields rise ahead of Fed minutes release

US Treasury yields increased today, Nov. 26, ahead of the release of the Federal Reserve's meeting minutes later in the day and key inflation data expected this week.

The yield on the two-year Treasury bond, the most sensitive to interest rate changes, rose slightly by more than two basis points to 4.275% as of 1:47 PM Mecca time.

Meanwhile, the 10-year Treasury yield climbed by 3.7 basis points to 4.3%, and the yield on 30-year bonds added 4.1 basis points, reaching 4.487%.

Investors are continuing to assess President-elect Donald Trump's pick of Scott Pruitt to head the Treasury Department, a move expected to support the economic policies of the incoming administration.

Additionally, Trump’s comments on his Truth Social, where he hinted at imposing higher tariffs on Canada, Mexico, and China, could stoke fears of a trade war, prompting investors to seek safer assets.