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Treasury yields slip from recent highs

U.S. Treasury yields reversed course on Monday morning and fell from recent highs as investors continue to weigh data on the pace of the economic recovery.

The yield on the benchmark 10-year Treasury note dipped to 1.328% at 9:45 a.m. ET, while the yield on the 30-year Treasury bond fell to 2.123%. The 10-year traded above 1.37% earlier in the day. Yields move inversely to prices.

The White House said it expects to finish sending out millions of doses of coronavirus vaccines this week, after a sweeping winter storm disrupted its distribution logistics.

Meanwhile, January data from the Chicago Fed National Activity index showed a month-over-month increase.

The Federal Reserve Bank of Dallas is expected to publish February data for its Texas manufacturing index at 10:30 a.m. ET.

Fed Governor Michelle Bowman is due to make a speech on economic inclusion in lower-income communities at the Dallas Fed’s Advance Together Celebration, at 3:30 p.m. ET.

Auctions will be held Monday for $54 billion of 13-week bills and $51 billion of 26-week bills.

CNBC’s Amanda Macias contributed to this report.

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