The U.S. Treasuries plunged Monday ahead of the Federal Reserve Chair Janet Yellen’s testimony scheduled to be held on February 14. Also, investors are awaiting a host of speeches by few members of the Federal Open Market Committee (FOMC) post Yellen.

plunged Friday as investors booked profits amid a subdued trading session that awaits data of little significance. Also, investors are awaiting the release of January consumer price inflation data, due on February 15.

The yield on the benchmark 10-year Treasury rose nearly 2-1/2 basis points to 2.43 percent, the super-long 30-year bond yield rose nearly 2 basis points to 3.02 percent while the yield on short-term 2-year note traded nearly 1 basis point higher at 1.20 percent.

Yellen’s testimony is likely to throw signals as to whether the central bank is considering an interest rate hike in its March monetary policy meeting and whether officials’ economic outlook is set to improve.

Further, she also could face tough questions over the Fed’s regulatory regime, as Republicans in Congress and the new administration are committed to reining in financial regulations, reports said.

Further, non-farm payrolls in the U.S. rose in January, coming in above the market expectations. Non-farm payrolls increased 227,000, as compared with the 180,000 projected by market. On the contrary, the jobless rate rose slightly by 0.1 percentage points to 4.8 percent as household employment pulled back in spite of some re-entry to the labor force.

Lastly, markets will now be looking forward to the release of January consumer inflation and retail sales data, due on February 15.

Meanwhile, the S&P 500 Futures rose 0.12 percent or 2.75 points to 2,315.50 by 11:50GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -21.76 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex