Treasurys edge higher

NEW YORK (CNNMoney.com) -- Prices for U.S. Treasurys rose slightly Monday as investors braced for $102 billion in auctions and several economic reports.

The yield on the benchmark 10-year note fell to 2.6% from 2.62% late Friday. Bond prices and yields move in opposite directions.

The yield on the 2-year note fell near a record low at 0.49%, while the 5-year yield dipped to 1.42%. But the yield on the 30-year bond was unchanged at 3.66%.

The mixed performance came after Treasury yields held near historic lows for most of last week as economic jitters boosted the appeal of fixed-income assets such as U.S. debt.

Investors have been torn between improved corporate profits and merger activity on the one hand, and disappointing economic indicators, such as a recent increase in initial claims for jobless benefits, on the other hand. As a result, trading in stocks and bonds has been choppy, with relatively few investors driving the market.

"Monday's activity oozed rather than sprinted out of the gate, with Treasurys little changed on virtually no volume in early morning trading," said Guy LeBas, chief fixed-income strategist at Janney Capital Markets.

There were no economic reports on the agenda Monday, but investors will take in top-tier data later this week on the housing market, jobless claims and a revised reading on second-quarter U.S. gross domestic product.

In addition, the government is scheduled to offer $102 billion in U.S. notes this week, including $37 billion in 2-year notes Tuesday; $36-billion in 5-year notes Wednesday and $29 billion 7-year notes Thursday.

"We will get a bunch of supply intermingled with a bunch of numbers," said Kevin Giddis, managing director of fixed-income at Morgan Keegan, adding that he expects demand to be strong at this week's auctions as economic fears persist.

"The supply should be well-received, probably because the economic numbers won't," he said.