U.S.government debt prices extended losses on Monday, pushing yields higher, as investors shift focus to scheduled speeches from U.S. Federal Reserve members and retail data this week, now the much-anticipated payroll data is out of the way.
On Monday, Atlanta Fed President Dennis Lockhart said the central bank is "close" to lifting interest rates.
"I think the point of 'liftoff' is close," Lockhart said in prepared remarks for an address to the Atlanta Press Club. "The economy has made great gains and is approaching an acceptable normal ... conditions are no longer extraordinary."
"Compared to earlier in the year, we know a lot more and can shelve some concerns," Lockhart added. "We are getting closer and closer to what feels like a healed state."
New York Fed President William Dudley is due to speak on Wednesday.