U.S. government debt prices edged higher on Monday as traders sought safety in less-risky assets.
The yield on the benchmark 10-year Treasury note sank to 2.783 percent, while the yield on the 30-year Treasury bond slipped to 3.023 percent. Bond yields move inversely to prices. Financial markets will close early on Monday due to the Christmas holiday.
Stocks stateside were hit with a steep plunge Friday, with the Dow Jones Industrial Average suffering its worst week since October 2008, the Nasdaq Composite sliding into a bear market and the S&P 500 not far off falling into bear market territory itself. Futures pointed to marginal gains in equities on Monday.
