NEW YORK (AP) — Treasury yields were roughly flat on Monday, reflecting an unusually quiet day in the stock market.
U.S. stocks rose incrementally, still riding a boost from Friday's healthy jobs report but with no big new developments to move the market much either way.
The yield on the government's benchmark bond, the 10-year Treasury, edged down to 1.56 percent from 1.57 percent. The yield on the 30-year Treasury bond was unchanged at 2.65 percent.
The yield is the interest rate the government has to pay to persuade investors to buy its bonds. When investors are feeling confident, fewer of them buy bonds and the yield goes up. When they're feeling nervous, more of them buy bonds and the yield goes down.
The price of the 10-year Treasury, which moves in the opposite direction of the yield, fell slightly, down 3.1 cents for every $100 invested. The price of the 30-year bond also fell slightly, down 15.6 cents for every $100 invested.
Other bonds held steady. The yield on the two-year note stayed at 0.24 percent, and the yield on the three-month bill held at 0.08 percent.