By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices were mostly higher early Monday, with long-term securities reversing some of the losses last week that sent long-term debt yields to key technical support levels, analyst said. With no economic data on the calendar for the session, traders have turned their attention the releases coming this week, and the Federal Reserve's two-day policy-setting meeting ending Wednesday. Officials are expected to reiterate that interest rates will remain exceptionally low for an extended period. Yields on 10-year notes (UST10Y 3.54, +0.05, +1.32%) declined 2 basis points to 3.53%, after falling to 3.51% earlier. Yields on 2-year notes (UST2YR 0.80, +0.03, +3.65%) rose 1 basis point to 0.81%.
