Treasury yields largely flat on the back of weaker jobs report

Bonds yields were largely flat with only marginal upward movement on Monday as investors continued to digest Friday's jobs report.

Washington lawmakers' tug-of-war over an infrastructure spending package continues to be in focus. Democrats on Wednesday will begin preparing an infrastructure bill for a vote in the House, with or without Republican backing. President Joe Biden will once again discuss the possibilities for a deal with Republican leaders Monday after rejecting the GOP's latest bill offer for a $928 billion spending package on Friday. Biden's most recent spending proposal came in at $1.7 trillion.

Transportation Secretary Pete Buttigieg had previously said that Senate Democrats and Republicans must establish a clear direction on infrastructure by June 7.

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