G7 finance ministers agreed on Saturday on a system to make multinational companies pay more tax in countries where they operate, alongside a minimum global corporate tax rate of at least 15%.
"As with cash transactions, businesses that receive cryptoassets with a fair market value of
more than $10,000 would also be reported on," the Treasury Department said in the report.
The benchmark 10-year yield was up 4.1 basis points at 1.6135%, continuing its increase from multiweek lows reached April 15.
Investors were watching to gauge the market's appetite for $24 billion of 20-year bonds scheduled to be auctioned on Wednesday, said Justin Lederer, Cantor Fitzgerald Treasury analyst.
Euro zone bond yields, which had been rising in line with US Treasury yields on hopes for a strong economic recovery later this year and increased inflation, dropped 1-3 basis points.
"The global picture is that the manufacturing sector is in rude health and is the sector that is leading the recovery, so perhaps there's a bit of a reaction to that," said ING rates strategist Antoine Bouvet.