Treasury yields fall as US politics is pushed to the forefront of investors’ minds

U.S. Treasury yields stabilized Monday, as investors continued to look out for more news surrounding the state of the current U.S. administration.

The yield on the benchmark 10-year Treasury note edged lower to 2.182 percent at 4:15 p.m. ET, while the yield on the 30-year Treasury bond also edged lower to 2.765 percent. Bond yields move inversely to prices.


With no major data set to be released on Monday, investors are likely to be turning their attention to the White House.

Last Friday, U.S. stocks closed off their session lows following news that one of President Donald Trump's top advisors, Steve Bannon had departed from his role at the White House.

It has since been announced that Bannon is going back to work for right-wing media outlet Breitbart News, a move which Trump applauded on Twitter over the weekend.

Meanwhile, billionaire investor Carl Icahn has resigned in recent days from his position as special advisor on regulation to President Trump.

With the recent shakeup in the administration and political turmoil continuing to weigh on sentiment, investors remain on edge when it comes to the future of President Trump's economic agenda.

On the commodities front, oil prices fell sharply on Monday, as rising U.S. output weighed on sentiment. At 4:16 p.m. ET, WTI crude traded at $47.34, down $1.17.

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