U.S. sovereign bond prices were higher Monday continuing a strong safe-haven bid after the results of the U.K. referendum on its European Union membership.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, moved lower to 1.4623 percent, while the yield on the 30-year Treasury bond was down at 2.2835 percent, after hitting its lowest level since February 2015. Two-year yields also fell, last trading at 0.5936 percent.
Markets, which had priced in a win for the remain camp, continued to be roiled from the fallout of the U.K.'s vote. The ruling Conservative Party is set for a leadership battle after Prime Minister David Cameron stepped down on Friday and the opposition Labour Party, led by Jeremy Corbyn, has suffered an exodus of high-profile members of the shadow cabinet.