U.S. Treasury prices were lower on Monday after data showing sales of new U.S. single-family homes fell more than expected in December.
The 7.0 percent decline in home sales along with a continued sell-off in emerging market assets spurred safe-haven bids for Treasuries. Benchmark yields remained at near the two-month lows hit on Friday.
"The market is already skittish," said Wilmer Stith, portfolio manager at Wilmington Trust in Baltimore. "The fact that we got these weaker-than expected housing numbers just plays into that hand of more volatility."
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