U.S. government bond prices were mixed in thin trading Monday following an auction of $35 billion in Treasurys.
The 10-year Treasury note rose 34.3 cents for every $100 invested Monday afternoon. Its yield, a benchmark for private lending rates, fell to 1.81 percent. That's a slight drop from its yield late Friday, 1.85 percent.
The government sold two-year notes at a yield of 0.24 percent. Banks that deal directly with the government took the majority of the notes. After the auction, the two-year yield edged up to 0.23 percent compared with 0.24 percent Friday.
The price of the 30-year Treasury rose $1.31, while its yield fell to 2.79 percent from 2.86 percent. Bond buyers said trading was light with the year winding down, which can leave markets vulnerable to sudden swings. Trading volume on Monday was half of the long-term average.
In the market for short-term bills, the 3-month Treasury paid a yield of 0.01 percent.