Treasury Yields Hold Steady Ahead of Fed Minutes Release

U.S. Treasury yields remained relatively steady on Monday morning as investors kept a close eye on diplomatic efforts between the U.S. and Iran. The benchmark 10-year Treasury note saw a minor increase of 0.4 basis points to 4.7%, while the 30-year bond yield rose by 1.3 basis points to 5.279%.

Market participants are awaiting the release of the Federal Reserve's policy meeting minutes on Wednesday, which is expected to draw particular interest following Fed Chairman Kevin Warsh's first news conference last month. The minutes may provide insight into the Fed's future monetary policies and their potential impact on the bond market.

A survey measuring manufacturing activity in the Federal Reserve's New York region showed a significant increase, reaching its highest level in over four years. However, major economic data releases that could influence market direction are limited this week.