U.S. Treasuries retreated after a trade truce between the U.S. and China dented investor appetite for safe-haven assets.
Treasurys
The yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.0117%, while the yield on the 30-year Treasury bond was also higher at 2.5364%.
Market focus is largely attuned to global trade developments, after the world's two largest economies agreed to resume trade negotiations over the weekend.
President Donald Trump offered concessions to his Chinese counterpart when the two leaders met on the sidelines of the Group of Twenty (G-20) summit in Japan last week. Trump and Chinese President Xi Jinping agreed not to impose new tariffs on U.S. and Chinese goods. The U.S. said they would hold off on the potential 25% tariffs on the remaining $300 billion of imports from China and China said they would continue to buy U.S. agricultural products.
These included no new charges and an easing of restrictions on Chinese telecommunications giant Huawei in order to soothe tensions with Beijing.
The U.S. Treasury is set to auction $36 billion in 13-week bills and $36 billion in 26-week bills on Monday.
Investors are also likely to monitor a speech from Federal Reserve Vice Chair Richard Clarida.