U.S. Treasuries near their best levels of the day after a swift bounce off opening lows.
The market began the day in negative territory, but a rebound began taking shape immediately after the start, lifting longer tenors into positive territory during the initial 15 minutes. The early bounce pressured yields on issues in the belly of the curve toward their opening levels from Friday
Yields:
2-yr: +4 bps to 4.82%
3-yr: +2 bps to 4.53%
5-yr: -3 bps to 4.18%
10-yr: -3 bps to 3.92%
30-yr: -2 bps to 3.92%