U.S. government debt prices were mostly higher on Monday, as investors digested comments from Federal Reserve Governor Lael Brainard and the results of the Treasury Department's sale of 10-year and 3-year notes.
In prepared remarks to the Chicago Council on Global Affairs, Brainard said "the case to tighten policy preemptively is less compelling." Yields on U.S. Treasurys briefly dipped following her remarks.
The yield on the benchmark 10-year Treasury note last sat lower at around 1.6707 percent, while the yield on the 30-year Treasury bond was slightly higher at 2.3961 percent. Bond yields move inversely to prices.
The German 10-year bund yield hit a session high of 0.058 percent, its highest level since June 23. It has since pared some of those gains and was last sitting near 0.034 percent.