Treasuries gained Monday as investors awaited pivotal remarks from US Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell that could steer yields after last week's volatility. The 10-year yield fell three basis points to 4.71%, while the 30-year dropped similarly to 5.24%, retreating from a near two-decade high. The rally follows a choppy week where US 30-year borrowing costs surged before the Treasury boosted buybacks to stabilize the market.

Traders are closely monitoring the Jackson Hole symposium for signals on monetary policy and fiscal strategy.