U.S. Treasury prices edged a bit higher late Monday, recovering some ground from early pressure as equities slide. The fact that Ukraine remains in the headlines is bringing in some safety bids, helping temper any selling ahead of the week’s government auctions.
The mid-curve is leading in light-volume trade, but prices remain near unchanged with little news to spark action.
The five-year has been ticking near the 1.62% yield, while the 10-year is stalled between about 2.775% and 2.78%.
Traders are looking out to supply, with the run of Treasury offerings which start Tuesday with $30 billion three-year notes. Treasury will offer $21 billion reopened 10-years Wednesday and $13 billion reopened 30-year bonds Thursday.
Curve trade has sloped slightly flatter, with the difference between the two- and 10-year yields holding near a narrowed 2.41 from 2.42.
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