Treasuries regained some ground after an early slump but still ended the day negative. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, increased by 1.6 bps to 4.18 percent.
The benchmark 10-year Treasury yield moved higher on Monday as investor worries around the Federal Reserve's independence spurred volatility in the stock market and following the 10-year auction.
The 10-year Treasury yield was up more than 1 basis point at 4.18%. The 30-year bond yield increased more than a basis point to 4.83%.