15.08.201722:57:00UTC+00Benchmark Treasury Yield Posts Biggest Three-Week Gain

Treasury prices slid, pushing yields higher as investors shed their holdings of U.S. government bonds following a wave of solid of economic data and dissipating geopolitical concerns from North Korea.

The yield on the two-year note yield sensitive to Federal Reserve's hike rate outlook advanced 2.8 basis points to 1.351 percent, marking the biggest single-day increase since July 3, adding unto the weeklong gains to 5.6 basis points.

Meanwhile, the yield on the benchmark 10-year Treasury yield rose 4.7 basis points to 2.254 percent, the biggest-single day increase since July 25. The 30-year bond yield, or the long-bond yield, climbed 3.4 basis points to 2.839 percent.

North Korea leader Kim Jong Un said he might consider launching a missile attack on Guam, the country's state media reported. However, he cautioned that he could shift his mind if the U.S. pushes through with their 'extremely dangerous reckless actions.'

The easing geopolitical worries added momentum to Monday's selloff as investors continued their exit from Treasurys and other safe-haven assets. The Japanese yen, another asset perceived as safe during times of uncertaining, weakened, causing the dollar to rise to 110.53 yen from 109.63 yen.