×

US Treasury yields higher after hitting lowest levels since November

Traders work in the S&P 500 options pit at the Chicago Board Options Exchange.
Getty Images
Traders work in the S&P 500 options pit at the Chicago Board Options Exchange.

U.S. bond prices declined higher on Monday after hitting their highest levels since November. U.S. Vice President Mike Pence said the "era of strategic patience" with North Korea was over.

Pence made the comments on the border between North and South Korea a day after North Korea's failed missile test. The Trump administration is working with China and its allies on a response to North Korea's missile program.

The yield on the benchmark 10-year Treasury note was higher at around 2.252 percent after breaking below 2.2 percent for the first time since Nov. 17. The yield on the 30-year Treasury bond was also higher at 2.91 percent after hitting its lowest level since Nov. 10. Yields move inversely to prices.

Symbol
Yield
 
Change
%Change
US 3-MO
---
US 1-YR
---
US 2-YR
---
US 5-YR
---
US 10-YR
---
US 30-YR
---

While Wall Street's was closed on Good Friday, the government released economic data, which showed retail sales fell for the second straight month and consumer prices dropped for the first time in just over a year. The yield on the 10-year U.S. Treasury note dropped to a five-month low in following the data release.

On Monday, the Empire State index hit 5.2 in April, well below the 16.4 print reached in March. The NAHB survey showed homebuilder sentiment slipped in April.

In oil markets, Brent crude traded at around $55.35 a barrel on Monday, down 0.97 percent, while U.S. crude was around $52.61 a barrel, down 1.05 percent.

Follow CNBC International on Twitter and Facebook.