USA Treasury bonds were under pressure on Tuesday, with the market closing early due to holiday factors. Investors remain cautious about purchasing 10-year or longer-term Treasury bonds. Long-term Treasury yields led the rise, further exacerbating the steepening trend of the yield curve. The benchmark 10-year Treasury yield rose by about 3 basis points to 4.62%, widening the difference with the 2-year Treasury yield to 28 basis points, close to the highest level since 2022. Trading volume was about 50% of normal levels.