Treasury yields rose Monday as investors looked ahead to a week filled with Federal Reserve speaker remarks and key economic data releases, including October's consumer inflation report.
The policy-sensitive 2-year Treasury yield traded at 4.722%, having risen by seven basis points. It had notched a fresh 15-year high, climbing as high as 4.883%, on Friday.
The yield on the benchmark 10-year Treasury note advanced about six basis points to 4.214%.
Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.
Treasurys
Investors will be scanning Fed speaker remarks and fresh economic data releases for signals about inflation easing and the broader state of the U.S. economy this week.
Many investors are concerned that the pace of the Fed's interest rate hikes is leading the U.S. economy into a recession. Last week, the central bank raised interest rate by a further 75 basis points in its continued efforts to fight high inflation.
Markets will gain insights into whether the Fed's efforts are working on Thursday, when the latest consumer inflation report is set to be released.
They will also be paying close attention to Tuesday's Congressional midterm elections.