By Daniel Kruger 

U.S. government-bond prices rose Monday after weak economic data from Europe.

The yield on the benchmark 10-year Treasury note was a recent 1.699%, according to Tradeweb, compared with 1.754% Friday.

Yields, which fall when bond prices rise, declined Monday after sentiment about manufacturing data in the eurozone was the weakest in many years, while the outlook in Germany was the worst in more than a decade.

Persistent signs of weakening growth in Europe are adding to concerns about the impact of the trade fight between the U.S. and China. While the U.S. data has shown continuing growth, despite deceleration among many major trading partners, investors are concerned that problems in the rest of the world could start spilling over.

"If data continues to break in this direction in Europe or if we start to see signs of weakness here, it sets the stage" for further central bank rate cuts, said Jon Hill, an interest-rate strategist at BMO Capital Markets.

Write to Daniel Kruger at Daniel.Kruger@wsj.com

(END) Dow Jones Newswires

September 23, 2019 10:19 ET (14:19 GMT)