U.S. government debt prices were slightly lower on Monday, as investors turned their attention to upcoming data releases and auctions.
Last Friday, data revealed that consumer prices remained unchanged in June and retail sales fell for the second straight month. The economic news is likely to dampen expectations of strong economic growth in the second quarter; with investors wondering what this may mean for rate hike strategy by the Federal Reserve going forward.
In the political sphere, investors will be keeping an eye out for any more noise coming out of the White House, as the Russia-linked scandal continues to cause reverberations in markets.
Oil futures traded flat in afternoon trade. Brent crude traded at around $48.46 a barrel on, down 0.92 percent, while U.S. crude was down around $46.03 a barrel, down 1.10 percent.