The yield on the benchmark 10-year Treasury note rose to 2.57% while the yield on the 30-year Treasury bond rose to 2.977%. Bond yields move inversely to prices.
Bond traders could see a quieter day Monday as markets re-open following the Easter break. Existing home sales data for March, due 10.00 a.m. ET, will be in focus for traders.
The Chicago Fed’s monthly update on economic activity suggested a pickup in March led by employment-related indicators. The Chicago Fed National Activity Index (CFNAI) rose to –0.15 in March from –0.31 in February. Three of the four broad categories of indicators that make up the index increased from February. However, the Chicago Fed said that three of the four categories made negative contributions to the index in March.