Treasury yields move lower as investors assess U.S. inflation backdrop

Treasury yields moved lower on Monday as investors continue to weigh the domestic inflation and interest rate backdrop against broader geopolitical developments.

Yields on 10-year U.S. Treasurys — the main benchmark for mortgages, auto loans and credit card debt — fell more than 2 basis points to 5.0729%.

The yield on longer-dated 30-year U.S. Treasurys — which often moves on geopolitical developments — was also 2 basis points lower at 5.4122%.

The yield on the 2-year Treasury note, which more closely follows short-term Federal Reserve rate decisions, was broadly flat at 4.7273%.

One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.