U.S. government debt prices were lower on Monday as investors focused on comments from the U.S. Federal Reserve later in the week.
The yield on the benchmark 10-year Treasury notes, which moves inversely to price, was higher at around 2.432 percent, while the yield on the 30-year Treasury bond was also higher at 3.028 percent.
Fed Chair Janet Yellen will appear before the new Republican Congress for the first time on Tuesday. Investors will be keeping a close eye on the hearing for any hints of a March rate hike and the potential impact of U.S. President Donald Trump on the Fed's economic outlook.
There are no major economic data releases scheduled on Monday.