Traders work on the floor of the New York Stock Exchange during morning trading on November 19, 2025 in New York City. Stocks opened up mixed amid the release of the Nvidia earnings report along with other third quarter numbers. (Photo by Michael M. Santiago/Getty Images)
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U.S. Treasury yields ticked up on Monday as investors prepared for the holiday-shortened week which includes a number of major note auctions.
The 10-year Treasury yield — the benchmark for U.S. government borrowing — was up by more than 1 basis point, reaching 4.165%. The yield on the 2-year Treasury note rose by more than 2 basis points to 3.507%. The 30-year bond yield, meanwhile, increased a basis point to 4.838%.
One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.
The Treasury will hold a number of key debt auctions this week, which will provide a partial snapshot of investor positioning and sentiment regarding U.S. debt, inflation and interest rate trends heading into 2026.
The 5-year T-Note auction for $70 billion is set to take place on Tuesday, while a $44 billion 7-year auction is scheduled for Wednesday.
The sales come after the Bureau of Labor Statistics’ consumer price index rose at a 2.7% annualized rate last month, suggesting inflationary pressures are continuing to ease, though expectations for a January interest rate cut remain low.
Federal Reserve Bank of Cleveland President Beth Hammack said Sunday that interest rates should be maintained at their current level for months, adding that she believes inflation concerns outweigh labor market weakness.
Bond markets will close early at 2:00 p.m. on Wednesday and will be closed Thursday for Christmas Day.