Treasuries showed a lack of direction throughout much of the trading day on Monday before ending the session modestly lower.
After spending most of the day bouncing back and forth across the unchanged line, bond prices closed in the red. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged up by 1.6 basis points to 1.965 percent.
While the ten-year yield moved only modestly higher on the day, it still reached its highest closing level in two months.
The choppy trading seen for most of the session came as traders were reluctant to make any significant moves amid a lack of major U.S. economic data.
Later in the week, trading is likely to be impacted by the release of key reports on new and existing home sales, weekly jobless claims, and durable goods orders.
Comments from Federal Reserve Chairman Ben Bernanke are also likely to be in focus later in the week, with the Fed chief due to testify before the Joint Economic Committee of Congress on Wednesday.
Trading activity is likely to remain relatively subdued on Tuesday amid another quiet day on the U.S. economic front.
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