U.S. Treasury yields were lower on Monday as market watchers continued to weigh the impact of President Donald Trump Appoints Kevin Walsh as his pick Become the next chairman of the Federal Reserve.

As of 5:37 a.m. ET, 10-Year Treasury Bond The yield fell more than 2 basis points to 4.214%, while 2-Year Treasury Bond The note yield fell more than 1 basis point to 3.514%. at the same time, 30-year Treasury Bond The yield also fell 2 basis points to 4.848%.

1 basis point equals 0.01%, and the yield and price move in opposite directions.

Analysts note that U.S. stock futures are lower on Monday trump cardof choose wash as successor Jerome Powell triggered a global market downturn.

Pan-European Stoxx 600 Index tracking loss Asia-Pacific markets fell, while gold and silver on Monday deepened historic selloffs from Friday.

Manufacturing will be in focus on Monday, with S&P Global releasing its January PMI manufacturing report as well as ISM manufacturing data for the same month.

Investors will also be watching this week’s release of the latest Job Openings and Labor Turnover Survey (JOLTS) and the ADP Employment Survey. These reports provide investors with important insights into the labor market.

This comes after the Federal Reserve said last week that the economic outlook was improving and dropped its warning about the economic outlook. ‘Downside risks to employment’ from its periodic policy statements – and Leading investors draw conclusions The timetable for further interest rate cuts this year has been further delayed.

—CNBC’s Sarah Min contributed to this report.