Bond Brief: Soft Sell

Updated from 10:56 EDT

Treasuries ended Monday lower as mounting evidence of economic strength worldwide looked set to weigh on the market before readings on non-manufacturing activity and payrolls come out later this week.

A mixed bag of U.S. manufacturing reports brought bonds off their morning lows, with the benchmark 10-year note ending the session down 4/32 to yield 4.87%. Prior to the morning releases, the yield bumped up against 4.90%. Bond prices and yields move in opposite directions.

Yields on the benchmark 10-year note have been near their highest levels since May 2004 after the Federal Reserve raised the benchmark interest rate last week and suggested there are more hikes ahead. ...