Investors stock up on U.S. debt the chart for more bond data. By Annalyn Censky, staff reporter

NEW YORK ( -- Treasury yields fell Monday, as demand for U.S. debt remained strong at the start of a major auction week.

Investors are watching the government's auction of $36 billion in 2-year Treasurys on Monday -- the first of about $158 billion in newly-printed Treasurys to hit the market this week.

Although anticipation of new supply would often drive yields higher, the reverse was true Monday as jitters about the economic recovery continue to spur investors into low-risk bonds.

"Against the backdrop of a still-weak economy and a Fed that appears poised to intensify its asset purchase program, my guess is that the demand for Treasurys will remain fairly robust, despite the amount of supply hitting the market this week," Kevin Giddis, president of fixed income capital markets at Morgan Keegan, wrote in a note to investors.

What yields are doing: The yield on the benchmark 10-year note fell to 2.53% from 2.6% late Friday. Bond prices and yields move in opposite directions.

The yield on the 30-year bond slid to 3.72% from 3.79%, and the 5-year note fell to 1.29% from 1.35%. The 2-year note's yield slipped to 0.44% from 0.45% on Thursday.

What's moving the markets: Last week, the Federal Reserve expressed concern about deflation and a slowing recovery. The central bank said it is willing to take additional steps to support the economy if necessary, including its policy of quantitative easing -- or buying Treasurys outright to stimulate the economy.

That language was encouraging bond investors to stock up on more U.S. debt.

The government auctions off $94 billion in short-term Treasury notes Monday, $35 billion in 5-year notes Tuesday and $29 billion in 7-year notes on Wednesday. To top of page

Overnight Avg Rate Latest Change Last Week
30 yr fixed4.30%4.34%
15 yr fixed3.72%3.76%
5/1 ARM4.08%4.26%
30 yr refi4.28%4.31%
15 yr refi3.69%3.73%
Rate data provided
View rates in your area
Find personalized rates:
Index Last Change % Change
Dow 24,946.51 72.85 0.29%
Nasdaq 7,481.99 0.25 0.00%
S&P 500 2,752.01 4.68 0.17%
Treasuries 2.85 0.02 0.78%
Data as of 6:40am ET
Company Price Change % Change
Chesapeake Energy Co... 3.06 0.04 1.32%
General Electric Co 14.31 -0.05 -0.35%
Bank of America Corp... 32.17 0.07 0.22%
Ford Motor Co 11.15 0.08 0.72%
Micron Technology In... 60.58 1.74 2.96%
Data as of Mar 16


The European Union has published a long list of American products that it could target if President Donald Trump moves forward with new tariffs on steel and aluminum. More

"It's like competing in an Olympic race wearing lead shoes," Elon Musk, referring to trade rules with China, tweeted to President Donald Trump. More

Good news for procrastinators: You get two extra days to file your federal income taxes. April 15 falls on a weekend and April 16 is a public holiday in the District of Columbia. More