MW: Treasurys little changed from Friday ahead of data
By Saumya Vaishampayan
NEW YORK (MarketWatch) -- Treasurys held steady on Monday as the bond market showed little reaction to Friday's sequester and investors awaited several data releases and central bank meetings later in the week. The Federal Reserve's Janet Yellen also spoke Monday morning, voicing her support for the bond-buying program in a speech to the National Association for Business Economics. Yields on the benchmark 10-year U.S. Treasury note 10_YEAR +0.54% rose 1 basis point to 1.86% in morning trade. Yields move inversely to prices and one basis point is one one-hundredth of a percentage point.
