It was last up 1.8 basis points at 1.4785%. The benchmark note's yield rose almost 9 basis points last week, the fifth week of gains and the biggest weekly jump since March, as investors reacted to hawkish shifts by major central banks including the U.S. Federal Reserve and the Bank of England. Across the curve, most other Treasury yields were higher on the day on Monday with 30-year yields rising above 2% for the first time since mid-August.
A former University of Southern California soccer coach choked up on Monday as she testified in the first trial in the U.S. college admissions scandal that in exchange for money, she helped wealthy parents' children get into schools as fake athletic recruits. Laura Janke told a Boston federal jury that those children included the daughter of ex-casino executive Gamal Aziz, who is on trial with private equity firm founder John Wilson over charges they participated in the fraud scheme. She said she helped the scheme's mastermind, William "Rick" Singer, get Aziz's daughter and others, including a daughter of "Full House" actress Lori Loughlin, admitted as sports recruits, regardless of their abilities.
Democratic U.S. Rep. Karen Bass entered the 2022 race for Los Angeles mayor Monday, shaking up an already crowded field hoping to replace outgoing Mayor Eric Garcetti. Bass made the announcement online, saying on her website that she planned to focus on LA's unchecked homeless crisis as the city continues to deal with the coronavirus pandemic.