The yield on the 2-year Treasury note dipped on Monday as investors considered the path for interest rates and weighed key economic data that could affect the Federal Reserve's next policy moves.
Yields and prices move in opposite directions. One basis point equals 0.01%.
Investors assessed what could be next for Fed interest rate policy, and whether the central bank will pause its hiking campaign when it meets later this month. The Fed has been hiking rates since March 2022 as it aims to ease inflation and cool down the economy.
But recent economic data has raised questions about whether rate increases so far have created the desired effect. That includes May's jobs report, which on Friday showed payrolls far exceed expectations from economists surveyed by Dow Jones.