Treasury yields rose Monday in a shortened trading day, as investors considered the outlook for the U.S. economy and the Federal Reserve’s next monetary policy moves. At 6:30 a.m. ET, the yield on the 10-year Treasury was up by around 2 basis points at 3.847%. The 2-year Treasury yield traded over 6 basis points higher at 4.944%. Yields and prices move in opposite directions. One basis point equals 0.01%. Investors are awaiting a number of economic data points this week, including ISM’s manufacturing purchasing managers’ index for June on Monday. Several key labor market reports and the minutes from the Fed’s last ... (full story)