Government debt prices slid Monday on worries over Washington's inability to reach an agreement on raising the country's borrowing limit.
The price of the 10-year note fell 18.8 cents for every $100 invested. That sent the yield up to 2.93 percent from 2.90 late Friday.
The Treasury Department says the limit must be raised by Aug. 2 or the government risks defaulting on its debt. Rating agencies warned last week that the impasse puts the country's top-notch AAA credit rating grade at risk.
The price of the 30-year bond fell $1.13. Its yield rose to 4.31 percent from 4.25 percent. The yield on the 2-year note rose to 0.37 percent from 0.35 percent.
The yield on the three-month T-bill fell to zero percent from 0.01 percent. Its discount was 0.01 percent.