As investors evaluate the economy, treasury yields decrease at the start of the week.

Investors awaited economic data that could influence the Federal Reserve's monetary policy, resulting in a decrease in U.S. Treasury yields on Monday.

The yield on the was nearly 10 basis points lower at 4.385%, while the yield on the was down by roughly 7 basis points at 4.886%.

Prices and yields move in opposite directions, with one basis point equal to 0.01%.

This week, investors will closely examine economic data to determine if the economy is cooling, as interest rates remain high. This is despite markets anticipating the Fed to stop raising rates, but being uncertain about when cuts may occur.

Central bank officials, including Chairman Jerome Powell, are set to provide insights on how long interest rates will remain high.

The Fed has only one policy meeting left this year, and investors are eager to hear about the outlook for interest rates during that meeting. The minutes from the Fed's previous meeting were released last week, indicating that no discussion of possible rate cuts had taken place.

The central bank's preferred inflation gauge, the October personal consumption expenditures price index, is due on Thursday and could reveal whether inflationary pressures are easing.

According to the Commerce Department, new homes were sold at a slower pace in October compared to expectations, but there was still an improvement from the previous year.