As investors anticipate new economic information, the 10-year Treasury yield increases.

On Tuesday, U.S. Treasury yields were varied as investors anticipate the upcoming crucial data that will offer new perspectives on the economy and employment market.

At 7:05 a.m. ET, the yield increased by 2 basis points to 4.638%. The yield had previously been flat at 4.272%.

Prices and yields move in opposite directions, with one basis point equal to 0.01%.

This week, several crucial economic statistics will be released, with a particular emphasis on the labor market.

On Tuesday, the Institute for Supply Management (ISM) will release its latest PMI report for the services sector and the Job Openings and Labor Turnover Survey (JOLTs). According to a survey of economists conducted by Dow Jones, they anticipate the report to show 7.7 million job openings.

The Bureau of Labor Statistics will release its December jobs report on Friday, which is expected to show that 130,000 jobs were added in December. This information will be included in ADP's private payrolls report, which will be released on Wednesday.

The central bank's suggestion in December that fewer interest rate cuts were likely ahead of its next meeting on Jan. 28-29 will closely influence investors' view on the potential outlook for monetary policy.

According to CME Group's FedWatch tool, traders anticipate that the Fed will not raise interest rates, with a 93% chance of keeping rates unchanged.

The Fed's December meeting minutes will be released on Wednesday, and investors will analyze them to gain insight into policymakers' thoughts and predictions for the economy.