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U.S. Treasury prices rose slightly on Monday, shaking off early losses as a round of profit-taking after government debt sales last week ebbed, but trade was limp ahead of inflation data due later this week.
Treasuries rose strongly for most of last week as the Treasury Department auctioned $25 billion of bonds, five-year and 10-year notes. Yields, which movein the opposite direction to prices, tested their lowest levels of the year
before profit-taking hit prices off their pedestals on Friday.
C R E D I TM A R K E T S
"We saw a continuation of the profit-taking seen on Friday, but then we saw some buyers coming in, but …