U.S. Treasurys prices were mostly flat on Monday amid receding investor worries over an earlier-than-expected interest-rate hike by Federal Reserve policymakers.
Treasurys rallied on Friday, when U.S. employment data for July showed flat wage gains for hourly workers and a rise in the national unemployment rate to 6.2 percent.
The data calmed fears about inflation, which could spur higher interest rates and lower bond prices.
Intermediate maturity Treasurys rallied earlier, extending Friday's gains. "The market seems comfortable with the Fed statement last week and the uptick in unemployment," says Jake Lowery, portfolio manager at Voya Investment
Management in Atlanta. "We are likely to stay in a low volatility environment for some time."