MW: Treasurys gain as stocks look to pare recent gains
Treasury prices gained Monday, pushing yields lower, as U.S. stock futures pointed lower, reversing some of last week's gains and increasing the appeal of the relative safety of U.S. debt. Ten-year note yields fell 6 basis points to 2.88%. The Treasury will announce how much in 5-year inflation-indexed securities it will sell on Thursday, though supply for the week is expected to be overshadowed by purchases of Treasurys by the Federal Reserve. Also to come, an index on leading indicators is expected to decline slightly.
