NEW YORK (CNNMoney.com) -- Long-term bonds dipped slightly, but U.S. debt prices were otherwise flat Monday, as investors weighed a mix of economic reports and await a Fed meeting Tuesday.
What prices are doing: The benchmark 10-year note fell 1/32 to 99-11/32 and its yield rose to 3.71%. The 30-year bond fell 5/32 to 99-27/32 and its yield rose to 4.636%. Bond prices and yields move in opposite directions.
The 2-year note was flat at 99-28/32 with a yield of 0.956%. The 5-year note was flat at 99-27/32 with a yield of 2.412%.
What's moving the market: The New York Federal Reserve announced the Empire State Manufacturing Index fell 2 points to 22.86, but four of the index's key components -- new orders, inventories, shipments and employment -- surged.
New orders rose 17 points to 25.4 and inventories advanced above 0 for the first time in more than a year, to 4.9. The shipments component rose 10 points to 25.6. The employment component advanced 7 points to 12.4, its highest level in more than two years.
The report, which measures the health of the manufacturing industry in New York state, seemed to indicate a gradual economic recovery.
A separate report out by the U.S. Treasury Department on Monday showed foreigners sold $33.4 billion in U.S. securities, including Treasurys in January -- the reverse of December's $53.6 billion inflow.
China, the largest foreign owner of U.S. debt, reduced its holdings by $5 billion to $889 billion in January. It was the third straight month China traded in its U.S. holdings.
What analysts are saying: Relatively good news from the Empire State Manufacturing Index pushed buyers away from safe-haven trades like Treasurys on Monday, as did the Treasury Department's capital flows data, said Kim Rupert, a fixed income analyst with Action Economics.
Otherwise, Monday was a quiet day for Treasurys; trading tends to deaden out ahead of Federal Reserve meetings.
Investors are looking ahead to statements from the Federal Open Market Committee meeting on Tuesday. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
|
Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More |
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More |
Honda and General Motors are creating a new generation of fully autonomous vehicles. More |
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More |
Whether you hedge inflation or look for a return that outpaces inflation, here's how to prepare. More |
