Treasurys dip as debt ceiling debate continues

NEW YORK — Treasury bond prices are edging lower as Washington continues to debate plans to raise the nation's debt ceiling before an Aug. 2 deadline.

A failure to raise the debt ceiling could lead the U.S. government to default on its bond payments. Treasury bonds are considered the safest and most liquid investments in the world.

The impasse is helping to send the price of the 10-year Treasury down 25 cents for every $100 invested Monday. That pushed the yield up to 2.99 percent from 2.96 percent late Friday.

Longer-term Treasurys are falling further. The price of the 30-year Treasury is down $1.18 for every $100 invested. Its yield rose to 4.32 percent from 4.26 percent late Friday.

Treasury auctions are scheduled for Tuesday, Wednesday and Thursday.