U.S. Treasurys were little changed Monday as investors considered the path for interest rates and weighed key economic data that could affect the Federal Reserve's next policy moves.
The yield on the 10-year Treasury was flat at 3.687%, while the 2-year Treasury yield was last trading 3 basis points lower at 4.47%.
Yields and prices move in opposite directions. One basis point equals 0.01%.
Investors assessed what could be next for Fed interest rate policy as uncertainty lingers over whether the central bank will pause its hiking campaign when it meets later this month. The Fed has been hiking rates since March 2022 with the goal of easing inflation and cooling the economy.
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Recent economic data has, however, raised questions about whether rate increases so far have created the desired effect. That includes May's jobs report, which on Friday showed payrolls far exceed expectations from economists surveyed by Dow Jones.
Fresh economic data this week could provide insight into the health of the economy and the Fed's next monetary policy moves.
