Treasuries mildly higher as investors focus on data
United States government bonds were slightly higher on Monday, as investors awaited fresh catalysts to drive trading and focused on the incoming economic data and Treasury auctions. The US Treasury Department will auction $39 billion worth of 13-week bills and $33 billion in 26-week bills later today.
The yield on 10-year Treasuries rose to 2.5024% at 12:15 pm CET, while the yield on two-year debt edged up to 1.3169%. The yield on 30-year bonds increased to 3.1153% at the same time.
Across the Atlantic, the yield on 10-year German Bunds, a benchmark for the Eurozone, surged to 0.454%, whereas the yield on British gilts of the same maturity climbed to 1.266%. Bond yields move in the opposite direction relative to the security's price.