U.S. Treasury yields inch lower as investors weigh the state of the U.S. economy

U.S. Treasury yields were lower on Monday as investors weighed the state of the U.S. economy and considered the latest trade developments.

At 5:33 a.m. ET, the 10-year Treasury yield was over 5 basis points lower at 4.379%. The 2-year yield was more than 2 basis points lower at 3.85%. The 30-year yield was also over 4 basis points lower at 4.95%.

One basis point is equal to 0.01% and yields and prices move in opposite directions.

It's quiet on the economic data front this week, but investors will await the leading indicators reading for June on Monday, slated to be released at 10 a.m. ET.

They will keep an eye on Federal Reserve Chairman Jerome Powell's speech on Tuesday morning, existing home sales data for June on Wednesday, weekly initial jobless claims on Thursday, and durable goods orders on Friday.

The Fed is currently in a blackout period — a policy that limits Fed officials from speaking publicly ahead of the Federal Open Market Committee meeting next week where monetary policy decisions will be made, including interest rate cuts. The blackout period began on Saturday.

Investors are also monitoring the latest trade news. Over the weekend, the White House reiterated that countries must begin paying tariffs from Aug. 1. On Sunday, U.S. Commerce Secretary Howard Lutnick said it's a “hard deadline,” but said countries can still negotiate the tariffs after that date.

“Nothing stops countries from talking to us after August 1, but they're going to start paying the tariffs on August 1,” Lutnick said.