U.S. Treasury yields rose during the afternoon trading session in Asia, as investors appeared to have shifted their focus away from the events in Venezuela over the weekend. The U.S. Treasury yield curve steepened, with long-term yields rising more than short-term yields. Michael Brown, Senior Research Strategist at Pepperstone, noted in a report that the yield curve still has room to steepen further. He said, “I find it hard to bet against the curve steepening further, especially as the 2% inflation target is increasingly becoming a floor rather than a ceiling.” According to Tradeweb data, the yield on the two-year U.S. Treasury note rose 1.2 basis points to 3.466%; the 10-year yield rose 2.4 basis points to 4.186%; and the 30-year yield rose 2.8 basis points to 4.881%.