By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices rose modestly on Monday, pushing 10-year yields back under 2% briefly, as traders watch political news out of Italy as the country's bond yields jump, raising worries that Italy is headed towards its own sovereign debt crisis. Concerns about Greece's government pacified markets, limiting the gain in Treasurys. "The Treasury market was initially opened under pressure on the Greek new unity government, but quickly reversed as sovereign-credit concerns spread to Italy," said bond strategists at CRT Capital Group. Yields on U.S. 10-year notes 10_YEAR -0.10% , which move inversely to prices, slipped 1 basis point to 2.03%, after falling to 1.99% during the European session.
