Treasuries were under pressure Monday afternoon, following a session in the equity markets that saw stocks plunge and then recover most or all of their losses.
Even when stocks were struggling, government notes and bonds failed to mount much of a rally, but sellers took control of fixe-income securities as equities recovered. Around 4 p.m. EDT, the 10-year note was down 13/32 to 101 28/32, yielding 4.629%. The 30-year bond was losing 25/32 to 99 28/32 to yield 5.382%.
Shorter-term issues were also weaker. The two-year was down 1/32 to 100 20/32, yielding 2.545%, and the five-year was lower by 7/32 to 102 15/32, yielding 3.804%.