As investors contemplate the interest rate forecast, treasury yields increase.

On Monday, U.S. Treasury yields rose as investors evaluated the prospects for interest rates following Friday's employment report and readied for a week of minimal economic indicators.

The yield on the increased by more than 9 basis points to 4.649%, while the saw a nearly 11 basis point increase to 4.941%.

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

On Monday, the Treasury yield partially recovered from the 9 and 13 basis point decline in the yields of the 10-year and 2-year Treasury notes, respectively, that occurred on Friday.

The nonfarm payrolls for October were lower than anticipated at 150,000, marking a significant decline from September's 297,000 and a slight increase in the unemployment rate to 3.9%.

The Federal Reserve may be done hiking interest rates as data suggested to investors that the labor market could be easing, raising hopes that the central bank's key aim of cooling the jobs market has been achieved.

Last week, the central bank maintained interest rates for the second consecutive time, while keeping the possibility of future rate hikes open.

Rich Steinberg, chief market strategist at The Colony Group, stated that equities will remain sensitive to yields, with the debate continuing on whether there will be a hard landing, soft landing, or no landing. Steinberg believes that one week will not alleviate these concerns.

This week, there will be a light economic data period with no key figures expected on Monday. Several Fed officials, including two speeches from Fed President Jerome Powell, are expected to give remarks. Investors are hoping for fresh hints into monetary policy and the economic outlook.