Treasury yields slipped Monday as investors awaited news from trade talks between Washington and Beijing in London.
The 10-year Treasury yield was down 2.6 basis points at 4.482%. The 2-year yield was lower by nearly 4 basis points at 4.005%.
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WATCH HEREOne basis point equals 0.01%. Yields and prices move inversely in the bond market, meaning fixed income prices are higher Monday.
Traders are awaiting the outcome of talks Monday between Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer with their Chinese counterparts. The officials are meeting in an effort to resolve ongoing trade disputes.
Chinese Vice Premier He Lifeng will hold the first round of trade and economic talks with the U.S. during his trip to the U.K. from Sunday to Friday, China's Ministry of Foreign Affairs said Saturday. He represented Beijing in bilateral talks with Washington in Switzerland last month and is China's lead trade negotiator.
The U.S.-China talks in London are set to continue on Tuesday morning, a source familiar with the situation told CNBC late Monday afternoon.
U.S. consumer price inflation data will be a key factor for bond markets later in the week. The latest CPI is due out on Wednesday, followed by the producer price index on Thursday. Traders will look for clues about how the current tariff rates are affecting the price of goods and services.
Money Report
— CNBC's Kevin Breuninger and Evelyn Cheng contributed to this report.
Correction: A previous version of this story misstated that President Trump was attending Monday's trade talks in London. Story's also been updated to reflect PPI will be released Thursday.
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