NEW YORK – Treasurys prices climbed Monday ahead of economic data releases that will show the health of the nonmanufacturing sector, from the Institute for Supply Management, and factory orders. Both releases are scheduled for 10 a.m. Eastern. Ahead of the data, the benchmark 10-year note yield, which falls as prices rise, was down 1.5 basis points at 2.978%, according to Tradeweb. The 30-year bond yield fell 2.5 basis points to 3.909%, and the 5-year note yield fell 1 basis point to 1.719%. Also this week, the Treasury Department will sell 3-year notes , 10-year notes, and 30-year bonds. On Wednesday, the Federal Reserve will release the minutes of its December meeting, which may provide more insight into why the central bank decided to scale back its bond-buying stimulus. On Friday, the Labor Department will release its nonfarm payrolls report.
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