During Monday's trading session, Treasury bonds experienced a modest increase after oscillations throughout the day. Bond prices surged early on, only to recede by mid-morning and bounce back in the afternoon.
Following the day's fluctuation, the yield on the benchmark ten-year note, which inversely correlates with its price, marginally reduced by 1.5 basis points to 4.172 percent. This slight reduction occurred after the ten-year yield ended the previous Friday's trading at nearly its highest in two months.
The direction of Treasury bonds remained uncertain as traders hesitated to make significant moves, awaiting several crucial economic reports due throughout the week.
The report on consumer price inflation for January, due from the Labor Department on Tuesday, has the potential tolargely influence interest rate expectations. Other reports, including retail sales, industrial production, producer price inflation, and consumer sentiment, are also anticipated to draw attention later in the week.
