The 10-year U.S. Treasury yield edged higher on Monday ahead of key economic data out later this week.
The yield on the 10-year Treasury rose more than 4 basis points to 4.195%, regaining some ground after losing steam last week. The 2-year Treasury yield was also up more than 2 basis points at 4.122%.
Yields and prices moved inversely to each other, and one basis point equals 0.01%.
This comes as investors are looking to November's consumer price index reading out on Wednesday and the latest producer price index print on Thursday.
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"It feels like people are just setting up for some of the [Treasury auction supply] coming this week," Scott Ladner, chief investment officer at Horizon Investments, said to CNBC. "People just might be sort of lighting up ahead of that and also just squaring up positions that have done pretty well."
Ladner added that investors could also be "taking profits before the big CPI print on Wednesday, because there's always a chance that it surprises to the upside."
Business confidence and mortgage releases are also on the docket this week, although no major data points are due Monday.
Money Report
Treasury yields traded lower on Friday as investors digested November's jobs report that left the door open to another rate cut from the Federal Reserve when policymakers meet on Dec. 17-18.
Nonfarm payrolls increased by 227,000 for the month, compared with an upwardly revised 36,000 in October and the Dow Jones consensus estimate for 214,000. The unemployment rate, however, edged higher to 4.2%, as expected.
