Treasury yields were little changed on Monday, following the big jump last week, as investors awaited insight from Federal Reserve policymakers.
The two-day Federal Open Market Committee meeting, starting Tuesday, will offer clarity on whether the central bank will implement so-called yield curve controls, which would entail buying bonds with the intention of keeping yields at lower levels.
The Fed is likely to discuss strengthening its forward guidance, or commitment to keeping short-term rates at low levels until certain economic benchmarks are met.
Investors continue to monitor the gradual reopening of economies across the U.S. and around the world, along with the status of the coronavirus pandemic, which has now infected more than 1.9 million Americans and more than 7 million people globally.
Yields surged on Friday after the Labor Department's latest jobs data revealed that the U.S. economy added a record 2.5 million jobs in May, shattering expectations of an 8.33 million decline and sending stock markets soaring.
Nationwide protests against racism and police violence continued over the weekend, with protesters demanding police reform following the death of George Floyd, an unarmed black man, in police custody. However, the violence which marred earlier demonstrations has appeared to calm in recent days.
There is no major economic data expected Monday.
Auctions will be held Monday for $63 billion of 13-week Treasury bills, $54 billion of 26-week bills and $44 billion of 3-year notes.