Year and Basis Points

bond: Investors are set to take down a raft of key bond auctions this week, with the Treasury Department set to sell 84 billion of debt across 3-year, 10-year and 30-year maturities, according to Market Watch. Market participants say yields partly rose on Monday's session because investors were making room for the fresh wave of supply during the so-called concession process, when broker-dealers bid yields higher in an effort to ensure a successful showing in a coming bond auctions. The 10-year Treasury note yield TMUBMUSD10Y, -0.53% climbed 3.4 basis points to 2.724%, while the 30-year bond yield TMUBMUSD30Y, -0.38% was up 2.8 basis points to 3.058%. The 2-year note yield TMUBMUSD02Y, -0.80% was also up 2.4 basis points to 2.532%. Bond prices move inversely to yields. The modest cheapening of Treasurys reflected a simple supply concession into this week's refunding auctions, wrote Jon Hill, an interest-rate strategist at BMO Capital Markets. The U.S. central bank announced its departure from its steady rate increase path at last week's January meeting, saying investors may have to wait before they see another rate move later this year. The delay of economic data thanks to the government shutdown will ensure the Fed will continue to dominate the agenda for investors. (news.financializer.com). As reported in the news.