U.S. sovereign bond prices rose Monday, pushing yields lower after oil prices tumbled and stocks attempted to hold gains.
Oil prices remained at the forefront of investors' minds as Brent crude oil prices fell to levels last seen in 2004 on Monday, dropping below the lows hit during the 2008 financial crisis on renewed worries over a global oil glut. The Dow Jones industrial average also gave up a 100-point gain and briefly dipped into negative territory before recovering.
U.S. 10-year Treasury yields hit a one-week low of 2.174 percent and last traded at 2.1908 percent, after closing at 2.197 percent on Friday.
Longer dated 30-year bond yields traded at 2.9147 percent after finishing at 2.92 percent in the previous session.