U.S. sovereign bond prices were mixed on Monday, after the Treasury Department auctioned $26 billion in 2-year notes at a high yield of 0.760 percent on Monday.
The bid-to-cover ratio, an indicator of demand, was 2.52, well below a recent average of 2.96.
Indirect bidders, which include major central banks, were awarded 29.9 percent, well below a recent average of 47.2 percent. Direct bidders, which includes domestic money managers, bought 10.3 percent, also below a recent average of 16.1 percent.
The yield on the 2-year Treasury note sat higher at 0.7353 after the note sale. Meanwhile, the yield on the benchmark 10-year sat lower at 1.5766 percent. Yields move inversely to bond prices. Thirty-year bonds yielded 2.2922 percent on Monday.