Treasury prices pared earlier losses Monday, as traders watched U.S. equity futures decline, hinting at skepticism among investors that may keep them in the safety of government debt and away from riskier assets. Ten-year note yields fell 1 basis point to 2.88%. Support also came from the Federal Reserve, which is expected to purchase Treasurys maturing between 2016 and 2026 during the trading session. Limiting gains, the Treasury also will announce at 11 a.m. Eastern how much in 3-year and 10-year notes it will auction this week, in addition to $6 billion in inflation-linked securities on Tuesday.
