U.S. Treasury yields slumped on Monday morning, as traders kept an eye on President Joe Biden’s efforts to push through his proposed US$1.9 trillion economic stimulus plan.
The yield on the benchmark 10-year Treasury note fell to 1.081 percent at 5:30 a.m. eastern time, while the yield on the 30-year Treasury bond slipped to 1.834 percent. Yields move inversely to prices.