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US Treasurys higher as investors pivot focus to data, auctions

  • 3 separate bills auctions are set to take place by the U.S. Treasury
  • No major speeches are set to take place by the Federal Reserve Monday

U.S. government debt prices were higher Monday as investors turned their attention to the latest developments coming out of the auctions and data space.

The yield on the benchmark 10-year Treasury note sat lower at around 2.403 percent at 8:31 a.m. ET, while the yield on the 30-year Treasury bond was down at 2.921 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
---
US 30-YR
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Data kept investors on their toes Monday, with a new batch of data providing traders with additional insight into the health of the U.S. economy.

U.S. personal income rose 0.4 percent in Sept., matching expectations.

The Dallas Fed's Texas Manufacturing Outlook survey is set to be published at 10:30 a.m. ET.

No major speeches are set to take place by the U.S. Federal Reserve on Monday; however, talk of who will take on the position as Fed Chair from early 2018 will remain on the minds of investors.

In politics, President Donald Trump's approval rating has hit its lowest level, according to a NBC News-Wall Street Journal poll released Sunday, with his job approval rating falling to 38 percent, having declined 5 points since the previous month.

Meanwhile, in commodities news, oil prices fluctuated in early trade, as rising exports from Iraq capped gains in the market. However, hopes were lifted somewhat, on expectations that an OPEC-led production cut would be extended past its deadline of March 2018; Reuters reported.

—CNBC's Javier E. David contributed to this report