US Treasury yields pop ahead of data; Fed remarks in focus

  • Retail sales and the Empire State manufacturing survey are both due out at 8:30 a.m. ET, followed by business inventories and the NAHB/Wells Fargo Housing Market Index at 10 a.m. ET. Treasury International Capital (TIC) data will be released at 4 p.m. ET.

U.S. government debt prices slipped on Monday.

The yield on the benchmark 10-year Treasury note was higher at around 2.856 percent at 5:45 a.m. ET, while the yield on the 30-year Treasury bond was higher at 3.068 percent. Bond yields move inversely to prices.

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Economic data and speeches by members of the U.S. central bank are expected to keep bond investors on their toes Monday.

Retail sales and the Empire State manufacturing survey are both due out at 8:30 a.m. ET, followed by business inventories and the NAHB/Wells Fargo Housing Market Index at 10 a.m. ET. Treasury International Capital (TIC) data will be released at 4 p.m. ET.

The U.S. Treasury will auction $48 billion in 13-week bills and $42 billion in 26-week bills. The size of a four-week bills auction, scheduled to take place Tuesday, will also be announced.

In central bank news, Atlanta Fed President Raphael Bostic will be speaking at the Shoals Chamber of Commerce in Florence, Alabama, while Dallas Fed President Robert Kaplan will be in Florida at the International Economic Forum of the Americas World Strategic Forum.

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Elsewhere, investors will be keeping an eye on politics after the U.S., France and Britain launched more than 100 missiles Saturday that targeted facilities in Syria.

The Pentagon described the U.S.-led strikes as a "justified, legitimate and proportionate response" to the Syrian regime's continued use of chemical weapons. Consequently, oil prices fell on Monday.

—CNBC's Amanda Macias contributed to this report