Trump's administration promises to intensify instability in the U.S. Treasury market

Trump promised that if the Republican Party wins the midterm elections, each citizen will receive $5,000, which has injected new uncertainty into the bond market ahead of the U.S. 30-year Treasury auction.

U.S. Treasury yields fluctuated within a narrow range, with the 30-year Treasury yield nearing its highest level since the global financial crisis. The market is focused on the $22 billion 2056 maturity Treasury bond to be issued on Thursday and the CPI data later this week.