Treasuries Finally Trade Higher

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Treasuries were higher Monday, reversing a trend in which government debt had traded lower for the past week and a half.

The two-year note was recently up 6/32 to 99 23/32, yielding 2.90%. The five-year was gaining 13/32 to 97 9/32 to yield 4.11%. The 10-year Treasury was climbing 18/32 to 101 25/32 to yield 4.77%, and the 30-year bond, which is being discontinued, was adding 26/32 to 102 13/32, yielding 5.21%.

The bond market was closed last Monday for the Veterans Day holiday, but Treasuries lost ground in each of the four sessions they traded. Notes and bonds also ended the prior week with selloffs.