US bonds boosted by falling oil prices

Medium and longer-dated U.S. Treasury notes rose on Monday, as Dow Futures fell, pressured by the ongoing fall in oil prices.

Yields on benchmark 10-year bonds—used to calculate mortgage rates and other consumer loans—fell to 2.119 percent.

Two-year and five-year bonds traded sideways.

Brent crude for February delivery fell to $ 55.70 per barrel, while U.S. light crude futures extended declines to a third day to $ 52.00. The declines could pressure U.S. energy stocks on Monday.

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