U.S. government debt prices rose on Monday morning as investors fled risk after attacks on Saudi oil production facilities escalated tensions in the Middle East.
President Donald Trump said theand awaiting communication from Saudi Arabia. Yemen's Houthi rebels claimed responsibility for the attack, but the U.S. has nonetheless pointed the finger at Iran.
The 10-year yield had posted its largest weekly rally since November 2016 as fears of an impending economic downturn eased. Auctions are scheduled Monday for $45 billion in 13-week Treasury bills and $42 billion in 26-week bills.
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