U.S. government debt prices were mixed in choppy trade on Monday as investors digested fresh economic data and remarks from Federal Reserve officials.
The yield on the benchmark 10-year Treasury notes, which moves inversely to price, was lower at around 2.463 percent, while the yield on the 30-year Treasury bond was lower at 3.077 percent.
Monday will also kick off a week packed with speeches from Fed officials, including Chicago Fed President Charles Evans.
Philadelphia Fed President Patrick Harker told CNBC’s “Squawk on the Street” that it’s OK if inflation overshoots the Fed’s inflation target as the labor market tightens.
Minneapolis Fed President Neel Kashkari spoke with CNBC’s “Squawk Box” on Monday, saying he voted against a rate hike last week because he wanted to see more inflation in the U.S.
On the data front, the Chicago Fed National Activity Index came in at +0.34 in February, improving from January’s -0.02.
In oil markets, Brent crude traded at around $51.82 a barrel on Monday, up 0.12 percent, while U.S. crude was around $48.48 a barrel, down 0.62 percent.
This followed news of rising U.S. drilling activity and stable output figures from OPEC countries despite their deal to freeze production.