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US Treasurys lower as bond investors await data, oil meeting

U.S. government debt prices were lower on Monday, as investors get ready to digest more economic data and news out of the auctions space.

The yield on the benchmark 10-year Treasury note sat higher at around 2.259 percent, while the yield on the 30-year Treasury bond was also up at 2.834 percent. Bond yields move inversely to prices.

Symbol
Yield
 
Change
%Change
US 3-MO
---
US 1-YR
---
US 2-YR
---
US 5-YR
---
US 10-YR
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US 30-YR
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U.S. home resales fell more than expected in June as a dearth of properties lifted house prices to a record high.

The National Association of Realtors said on Monday existing home sales dropped 1.8 percent to a seasonally adjusted annual rate of 5.52 million units last month.

Lastly, any political noise coming out of the White House will be of key importance on Monday, following news last week that Sean Spicer had resigned as the White House's press secretary, while Anthony Scaramucci was hired as communications director.

Jared Kushner on Monday firmly denied collusion with Russia during the 2016 election and said that his actions while serving on his father-in-law's campaign were "proper."

"The record and documents I have voluntarily provided will show that all of my actions were proper and occurred in the normal course of events of a very unique campaign," Kushner said outside the White House.

Commodities-wise, investors are turning their attention to oil as a meeting between OPEC and non-OPEC ministers takes place in Russia, which may address the rising output seen from Libya and Nigeria as of late. Oil prices were gaining in morning trade.

Brent crude traded at around $48.65 a barrel on, up 1.23 percent, while U.S. crude was also lower around $46.39 a barrel, up 1.35 percent.

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