U.S. government debt prices were mixed on Monday, as investors remained cautious in anticipation of the U.S. Federal Reserve's Jackson Hole meeting, due later this week.
The yield on the benchmark 10-year Treasury note sat lower at 1.5424 percent, while the yield on the 30-year Treasury bond was also lower at 2.2414 percent. Two-year note yields, meanwhile, lowered to trade at 0.7418 percent. Bond yields move inversely to prices.
Treasurys
The main event for investors both in the U.S. and overseas this week will be the U.S. Federal Reserve's Jackson Hole meeting, set to take place later on this week. At the Wyoming symposium which will look at the topic of "Designing Resilient Monetary Policy Frameworks for the Future", Fed Chair Janet Yellen is expected to deliver a speech on Friday at 10.00 a.m. ET.
The get-together will be eagerly watched by investors for clues on what the central bank thinks about the state of the U.S. economy in the long-term and the timing of another rate rise.
Several Fed officials spoke last week about when the U.S. central bank could raise interest rates, while Fed vice-chairman Stanley Fischer said on Sunday that the U.S. central bank was near to hitting its targets for full employment and 2 percent inflation.
Ahead of this, however, the U.S. Treasury will auction $40 billion in 13-week bills and $34 billion in 26-week bills on Monday. It will also announce the size of a four-week auction, set to take place on Tuesday.
On the oil front, WTI and Brent crude futures came under pressure, trading 3.03 percent and 3.32 percent lower on Monday, at around $47.05 per barrel and $49.19, respectively.
No major economic data releases are due out Monday.