U.S. Treasuries higher reversing a good chunk of last week’s loss in the 2-yr note.
Treasury futures overnight advance in Treasury futures has coincided with modest gains in most other sovereign debt while Japanese debt faced some pressure ahead of tomorrow’s 30-yr JGB auction.
Investors received a few economic reports since Friday afternoon with most coming in ahead of expectations. Economic data during the U.S. session limited to the 9:45 ET release of the final S&P Global U.S. Services PMI (prior 51.3) for June, followed by the June ISM Non-Manufacturing Index (consensus 54.2%; prior 54.5%) at 10:00 ET.
Crude oil hovers below $69/bbl
U.S. Dollar Index is up 0.2% at 101.09.
Yields
2-yr: -3 bps to 4.11%
3-yr: -4 bps to 4.13%
5-yr: -3 bps to 4.20%
10-yr: -3 bps to 4.46%
30-yr: -1 bp to 4.98%