US Treasury prices lower after data deluge

U.S. sovereign bonds fell Monday after of a swathe of economic data.

The yield on the benchmark 10-year Treasury note, which moves inversely to its price, rose to 1.862 percent, while the yield on the 30-year Treasury bond climbed to 2.714 percent.


All eyes were on data releases Monday, including the final reading for Markit's manufacturing purchasing managers' index (PMI), which came in at 50.8.

The ISM manufacturing came in at 50.8, below expectations.

March construction spending rose 0.3 percent, but was expected to show a 0.6 percent rise, compared with a 0.5 percent contraction in February.

Investors will also keep an eye on San Francisco Federal Reserve President John Williams, who is set to deliver a speech on systemic risk at the Milken Institute's 2016 Global Conference in Beverly Hills, California at 5:30 p.m. ET.