NEW YORK (CNNMoney.com) - Bonds prices edged lower Monday as investors struggled to find direction about the future of the Federal Reserve's rate hike campaign.

The dollar fell against the euro and the yen.

The benchmark 10-year note fell 3/32 to 101-02/32 to yield 4.36 percent, up from 4.35 percent late Friday. The 30-year bond lost 5/32 to 112-15/32 to yield 4.53 percent, up from 4.52 percent the previous session. Bond prices and yields move in opposite directions.

The two-year note was relatively unchanged, yielding 4.35 percent, while the five-year note held steady, yielding 4.29 percent.

In a session with little economic data on tap, investors focused on the Conference Board's leading economic indicators report, which rose 0.1 percent in December. The survey, which is structured to predict business activity in the future, missed expectations of a 0.2 percent gain, but climbed for the third straight month.

Investors have been looking for clues as to how much longer the central bank will continue its interest rate hike campaign. Most analysts expect another increase in January, but futures markets pegged the chance of another increase in March at 56 percent, Reuters reported.

St. Louis Fed President William Poole, said in an interview on Monday that one or more rate hikes by the Fed could be considered a "sensible forecast".

But investors will be likely be focused on reports on manufacturing and economic growth scheduled for release later in the week. The report on December durable orders is due Thursday, while an advance reading on fourth-quarter gross domestic product is expected Friday.

The Treasury Department also announced Monday that it would auction off $22 billion in two-year notes on Wednesday, up from $20 billion in previous two-year sales.

In currency trading, the dollar lost ground against the euro and the yen.

The euro bought $1.2309, up from $1.2135 late Friday. The dollar bought ¥114.44, down from ¥115.30 the previous session.

----------------

Click here for updated bond charts.

Click here for the rest of the day's market news.