U.S. government bond prices were little changed Monday after the Treasury wrapped up its first bond auction this week.
The Treasury sold $32 billion in three-year notes at a yield of 0.45 percent. Banks, fund managers and other bond buyers placed bids for 3.4 times the amount up for sale. It was the first of three auctions this week expected to raise a total of $66 billion.
No major economic reports were due out Monday. With little news to drive trading, Treasury yields were mostly flat.
The price of the 10-year note edged up 3.12 cents for every $100 invested. Its yield was 2.03 percent, the same as it was late Friday. The yield on the 2-year note was also unchanged at 0.33 percent.
The price of the 30-year note rose 21.8 cents for every $100. Its yield fell to 3.17 percent from 3.19 percent late Friday.
In the market for short-term bills, the 3-month T-bill paid a yield of 0.08 percent.