Investors, initially drawn out of bonds and into stocks, returned after chip maker SanDisk warned of lower sales.

NEW YORK (AP) — Treasury prices rebounded Monday, with investors returning to the safety of government securities after stocks gave up an early rally due to weakness in the technology sector.

Earlier in the day, the stock market had rallied and Treasurys sold off after economic indicators pointed to slow growth later in the year - alleviating some investors’ worries about a deep, protracted recession. The Conference Board said its index of leading economic indicators rose by 0.1% in April, following a similar rise in March and several consecutive months of declines prior to that.

But later in the day, stocks gave up most of their gains as chip maker SanDisk Corp. (SNDK) warned of soft sales and as oil prices continued to climb.

David Ader, bond strategist at RBS Greenwich Capital in Greenwich, Conn., noted that Treasury trading volume Monday was roughly 64% of that on an average day, suggesting that bond market participants were finding little new information to jump on.

“It’s really stocks, nothing else but stocks,” said Ader. “That’s the driver in here. With the subdued flows, it’s hard to make a compelling story except for that.”

Bond prices: The benchmark 10-year Treasury note rose 6/32 to 100 13/32 and yielded 3.87%, up from 3.85% late Friday, according to BGCantor Market Data. Bond prices move in the opposite direction of yields.

The 2-year note rose 3/32 to 99 15/32, and its yield fell to 2.40% from 2.45%.

The 30-year long bond recovered from its lows of the day, trading flat at 96 30/32 and yielding 4.56%, down from 4.58% late Friday.

Treasurys have been bouncing within a range over the past several weeks as investors try to figure out the direction of the economy and inflation - and, consequently, how the Federal Reserve will alter interest rates going forward.

“Maybe the Fed’s on hold, maybe it isn’t, but we need more concrete information to make a decision,” Ader said