MANUFACTURING UP: Long-term Treasurys took a fall Monday after a national survey showed U.S. manufacturers expanding at a quick clip. The Institute for Supply Management said its main index rose to 56.9 in October, better than what economists expected.
TREASURYS SLIDE: Long-term Treasurys fell on the news. The 30-year bond lost 46.8 cents to $97.50. That nudged the yield to 4.01 percent from 3.98 late Friday, as bond yields and prices move in opposite directions.
WAITING ON THE FED: Any selling pressure is likely to be held in check until Wednesday. That's when the Federal Reserve is expected to announce a bond-buying program to give the economy a lift.