Treasury yields higher following auction chart for more bond market data. By Charles Riley, staff reporter

NEW YORK ( -- Treasuries came under pressure Monday as investors turned to a bond auction for direction in the absence of major economic reports.

The Treasury Department got an early start to this week's auctions by selling off $32 billion in 3-year notes Monday afternoon. Monday's auction was the first since the Fed announced it will purchase $600 billion of Treasuries, by the second quarter of 2011.

The 3-year note auction drew $104 billion worth of bids, for a bid-to-cover ratio of 3.26, suggesting that demand remains robust.

Treasury bond auctions later this week include $24 billion in 10-year notes on Tuesday, and $16 billion in 30-year notes on Wednesday.

Bond markets will be closed on Thursday for Veterans Day.

Yields: The yield on the benchmark 10-year Treasury note rose to 2.56% Monday from 2.54% on Friday. Bond prices and yields move in opposite directions.

Yields for the 30-year bond moved higher to 4.14%, the 2-year note was unchanged at 0.37%, and the 5-year note ticked up to 1.13%.

Economy: The three Treasury auctions are just about the only events on an otherwise uncrowded economic calendar for the early part of the week, as investors recover from last week's triple-threat of QE2, midterm elections and the government's unemployment report.

Later in the week, investors will get two economic datapoints that are likely to provide the market with direction.

"We have a lighter economic calendar," said Bill Larkin, portfolio manager at Cabot Money Management. "But at the end of the week we have retail sales data coming into the all important holiday shopping season, and the G-20."

The G-20 summit will be of special interest to bond investors, Larkin said, as member countries discuss the impact of QE2 and look for clues as to the stability of emerging markets.

Another hot topic at the G-20: European sovereign debt.

Concern over the debt levels of Greece and Ireland in particular might cause a rush to safe-haven U.S. Treasuries, if world leaders at the G-20 signal a reluctance to provide monetary assistance.  To top of page

Just the hot list include
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
View rates in your area
Find personalized 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%
Data as of 6:29am ET
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%
Data as of 2:44pm ET


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

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.