U.S. Treasuries started the week on a positive note.
The trading day started with gains across the curve, briefly pressuring the 30-yr yield to its lowest level since early May while yields on shorter tenors revisited their June lows.
The Dow set a fresh record high, S&P 500 and Nasdaq returned to record territory, while crude oil fell to $80/bbl and is now just $15/bbl higher than it traded before the start of the military campaign against Iran. Oil spent the day near its morning low, offering support to overall sentiment.
10s and shorter tenor finished comfortably in positive territory while the long bond added a couple ticks.
Crude oil settled at its lowest level since early March while the U.S. Dollar Index slipped 0.1% to 99.61.
Yield:
2-yr: -2 bps to 4.07%
3-yr: -2 bps to 4.11%
5-yr: -3 bps to 4.19%
10-yr: -2 bps to 4.47%
30-yr: UNCH at 4.97%