The U.S. 10-year Treasury yield was slightly lower on Monday as investors returned from the Christmas holiday.
The yield on the 10-year Treasury slipped 2 basis points to 4.112% at 3:33 a.m. ET, while the yield on the 2-year Treasury was last seen little changed at 3.477%.
Yields and prices move in opposite directions. One basis point equals 0.01%.
The moves come as traders digest the latest economic data and assess the Federal Reserve’s monetary rate path.
The Labor Department reported on Wednesday initial jobless claims of 214,000 for the week ending Dec. 20. This was below expectations and a 10,000 decrease from the prior week.
