Treasury yields, at the longer end of the curve, look set for a potential technical move higher.
Yields on both the 10-year note and 30-year bond on Monday moved to levels that could suggest at least an incremental move up, strategists say. The 10-year was at 2.135 percent in late trading, the highest position in nearly two months.
The moves come after last week's march higher in yields that surprised many traders, since the market ignored some negative factors, like very weak first-quarter GDP. It instead focused on a jump in European bond yields and a move higher in employment costs.