NEW YORK (CNNMoney.com) -- Treasurys tumbled Monday as investors pulled away from the safe haven of bonds amid soaring U.S. stocks.
The dollar fell against the euro and rose versus the yen.
The 10-year slipped 16/32, or $5.00 on a $1,000 note, to yield 4.74 percent up from a yield of 4.68 percent in the previous session. The 30-year lost 25/32, or $7.81 for every 1,000 spent, to yield 4.91 percent, up from 4.86 percent late Friday. Bond prices and yields move in opposite directions.
The 5-year fell 12/32, yielding 4.57 percent; the 2-year lost 6/32, yielding 4.51 percent.
Bonds fell as the Dow industrials posted its biggest point gain of the year, erasing gains on credit concerns which pushed benchmark yields down to two and a half month lows last week.
U.S. government bonds surged Friday, as investors sought the safety of taxpayer-backed debt after Bear Stearns Chief Financial Officer Sam Molinaro said bond market turmoil sending investors fleeing from risk may be a worse predicament than the 1980s stock market fall and Internet bubble burst. He said fixed-income market conditions were at their worst in 22 years.
Traders will look to the Federal Reserve's policy meeting on Tuesday, which may shift bonds. The central bank is expected to leave its benchmark fed funds target rate steady at 5.25 percent, but most investors expect a rate cut later this year.
No economy reports are due until Tuesday when updates on productivity and consumer credit will be released. The Fed's Federal Open Market Committee policy statement is also coming out Tuesday.
In currency trading, the euro bought $1.3789 up from $1.3774 Friday, while the dollar bought ¥118.91, up from ¥117.94 Friday. 
