Treasuries Rise as Elevated Yields Attract Buyers Before Fed

US Treasuries rose on Monday as elevated yields attracted buyers, with the 10-year yield down to 4.64% and oil prices falling after the US paused strikes on Iran. A $69 billion auction of two-year notes drew solid demand, while the five-year sale was weaker, indicating investors prefer shorter-dated debt ahead of this week's Federal Reserve meeting. Traders are pricing in roughly a 40% chance of a rate hike at the meeting, though most economists expect the Fed to hold steady and signal a potential September move.