U.S. Treasuries lower start reversing some of the gains recorded during Friday’s post-NFP rally. Overnight trade was light on top-tier data while the news flow has also been subdued.
In Japan, the National Personnel Authority recommended the largest salary increase for public workers in 26 years.
New York Fed President (FOMC voter) Williams told The New York Times that interest rates could come down in 2024 as inflation decelerates.
Crude oil is giving back its gain from Friday while the U.S. Dollar Index is up 0.3% at 102.29.
Yields:
2-yr: +5 bps to 4.83%
3-yr: +4 bps to 4.51%
5-yr: +4 bps to 4.20%
10-yr: +4 bps to 4.10%
30-yr: +5 bps to 4.26%