The 2-year Treasury yield was last more than two basis points higher to 4.8909%.
U.S. Treasury yields were higher on Monday as investors looked ahead to the Federal Reserve's monetary policy meeting and key inflation data due this week.
Due this week are the latest Federal Reserve interest rate decision and policy guidance, as well as fresh key economic data, including inflation data.
The Fed is due to meet Tuesday and Wednesday, and is widely expected to leave interest rates unchanged at the conclusion of its meeting.
Policymakers have repeatedly said that they are looking for more data evidence to be sure that inflation is easing sustainably toward the 2% target before making interest rate cuts.
Persons:
downwardly
Organizations:
Treasury, U.S, Federal