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Treasurys fall, giving back some recent gains

NEW YORK (MarketWatch) -- Treasury prices declined on Monday, pushing yields up slightly, with analysts pointing to a lack of negative news allowing riskier assets to recover, reducing demand for the safe-haven of U.S. debt. Yields on 10-year notes , which move inversely to prices, rose 2 basis points to 1.74%, after climbing to 1.77% during the European session. Yields on some Treasury maturities hit or approached record lows last week. "Deeply oversold conditions in many 'risk' assets and overbought conditions in the Treasury market have created conditions where these markets are ripe for a pullback, and this is what we are starting to see this morning," said Bill O'Donnell, head of Treasury strategy at RBS Securities.