U.S. Treasury yields ticked higher in Monday as investors gauged the sustainability of last week’s bond market rally that took the 10-year Treasury rate briefly below 1.60%.
What are Treasurys doing?
The 30-year bond yield
gained 3.3 basis points to 2.293%.
Bond prices move inversely to yields.
What’s driving Treasurys?
Bonds gave up some of their bid at the start of the week, with the 10-year Treasury yield near 1.60%.
But Monday proved a quiet session for bond traders, with little economic data due for release. In addition, Federal Reserve officials are in a media blackout period before the central bank’s policy meeting on April 28.