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US Treasurys lower as investors focus on data, monitor Russia-US relations

U.S. government debt prices were lower on Monday morning as investors monitored U.S.-Russia relations and digest new earnings reports.

The yield on the benchmark 10-year Treasury notes sat at 2.291 while the yield on the 30-year Treasury bond was slightly higher at 2.894 percent. Bond yields move inversely to prices.

U.S. Markets Overview: Treasurys chart

A monthly index of signed contracts to purchase existing homes increased 1.5 percent in June compared to May, and May's figure was revised slightly higher, according to the National Association of Realtors.

Also on the data front, manufacturing activity across Texas rose at a faster pace in July than in June, according to the Federal Reserve Bank of Dallas's production index. The Dallas Fed's production index, a key measure of manufacturing conditions in the state, rose 11 points to 22.8, while its general business activity index edged higher to 16.8.

The White House dramas continued in the afternoon after President Donald Trump removed newly-appointed Anthony Scaramucci as communications director. The decision came at the request of John Kelly, the president's new chief of staff, according to the New York Times.

On Friday, the Kremlin has told the United States it needs to cut 755 of its staff members in Russia and further measures could be taken as a result of new sanctions against the Moscow.

In commodity markets, prices hit a two-month high on Monday morning as the U.S. considers sanctions against Venezuela. Brent was trading higher at $52.62 and WTI stood at $50.15.