U.S. government debt prices held lower on Monday as investors digested the auction of $24 billion in 3-year notes at a high yield of 0.765 percent.
The bid-to-cover ratio, an indicator of demand, was 2.69, well below a recent average of 2.92. The ratio was the weakest since July 2009.
Indirect bidders, which include major central banks, were awarded 44.7 percent, below a recent average of 50.3 percent. Direct bidders, which includes domestic money managers, bought 15.8 percent, above a recent average of 11.9 percent.
The yield on the 3-year Treasury note, which moves inversely to its price, sat higher at 0.7611 percent. The yield on the 10-year Treasury note was higher at 1.4346 percent, while the yield on the 30-year Treasury bond was lower at 2.1449 percent.