The 10-year Treasury note yield hit a high of 2.99 percent, threatening once again to reach 3 percent. The benchmark rate last traded at 3 percent or higher in January 2014.
In commodities, crude futures dipped during Monday’s session as markets remain supported by strong demand.
Another topic expected to keep investors busy concerns geopolitics. On Saturday, North Korea pledged to halt nuclear and missile tests, with the nation adding that it would be scrapping its nuclear test site in order to pursue peace and economic growth instead. President Donald Trump tweeted on Sunday, however, that the North Korean nuclear crisis was far from resolved.