US bonds hold losses ahead of Fed speeches
U.S. bonds held last week's losses on Monday, with shorter-dated notes marginally higher and their longer-dated counterparts slightly lower.
Benchmark 10-year Treasury notes (U.S.: US10Y) were flat on the day, yielding 2.117 percent.
Bond yields across the world have risen over the last two weeks, with Europe leading the way.
U.S. 10-year yields are up around 20 basis points and are now back at mid-March levels, according to Barclays Research.
"A combination of position squaring, higher commodity prices and solid fundamental data has played a role, though our rates strategists are inclined to think the April rise in yields is more a healthy correction than the start of a major trend," said Barclays in a note Monday.
Friday's official jobs report for April is the big event of the week, but the stock market will be in focus once again during another week of earnings. On Monday, these include Sysco (NYSE: SYY) and Comcast (NASDAQ: CMCSA), which owns CNBC.
Also on Monday, there will by factory orders data for March at 10 a.m. ET
There will be Federal Reserve speeches to listen into on Monday, including a keynote address from Chicago Fed's Charles Evans at the annual meeting of the Columbus Economic Development Board. San Francisco Fed President, John Williams, will speak on job creation at a separate event.
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