The yield on the 10-year US Treasury note remained approximately at 4.27% on Tuesday, following a significant increase the day before. This movement was bolstered by robust US economic data and evolving forecasts regarding the Federal Reserve's future actions. Monday's report revealed an unexpected growth in US manufacturing activity, indicating strength within the economy and potential gains in corporate earnings. Attention is now shifting towards this Friday's monthly employment report, although its release may be postponed due to a partial government shutdown. In related news, President Donald Trump recently nominated Kevin Warsh to replace Fed Governor Jerome Powell. The markets perceive Warsh as a relatively hawkish choice who might advocate for lower interest rates, albeit not as aggressively as some other contenders. Warsh is known for his firm stance against inflation and previously opposed the expansion of the Fed's balance sheet during the global financial crisis, a viewpoint that has contributed to the widening of the US yield curve earlier this month.