The yield on the US 10-year Treasury note edged up to 4.23% on Monday, as investors prepared for a data-heavy week that is expected to shed further light on the health of the US economy. Key releases include the delayed employment report, as well as CPI and retail sales figures. Markets currently anticipate that the Fed will leave interest rates unchanged in March, with the first rate cut potentially coming in June and a further reduction possible in September. Treasury prices also faced pressure following reports that Chinese regulators have urged financial institutions to scale back their holdings of US Treasuries, citing concerns over concentration risks and market volatility. Holdings by China-based investors have fallen to $682.6 billion, the lowest level since 2008, down from a peak of $1.32 trillion in late 2013.