U.S. Treasury yields increased on February 3 following the release of economic data indicating improved resilience in the U.S. economy. The ISM manufacturing PMI report surprised on the upside, suggesting a potential easing of labor market challenges. Despite employment and inventories remaining in contraction, the employment component's rebound points to a strengthening economic outlook. According to Tradeweb, the yield on two-year Treasury notes rose by 1.4 basis points to 3.582%, while the 10-year Treasury notes saw a 1 basis point increase to 4.286%. These developments underscore the narrative of sustained U.S. economic growth.