Slight increase in treasury yields as investors anticipate crucial labor data this week.

Higher treasury yields on Monday were due to investors' anticipation of labor and manufacturing economic data this week.

On Friday, the 10-year Treasury yield had fallen to its lowest levels since late October. However, by Monday, the yield on the 10-year Treasury had risen by 1 basis point to 4.207%, while the 2-year Treasury yield rose by 2 basis points to 4.192%.

Yields and prices move in opposite directions, with one basis point equal to 0.01%.

The U.S. economy's strength will be revealed through the labor data that investors are eagerly awaiting.

On Wednesday, the Job Openings and Labor Turnover Survey for October will be released, offering estimates of job openings, hires, layoffs, and quits.

The November jobs report, which is scheduled for release on Friday, is predicted to reveal that the U.S. economy experienced growth of 177,500 jobs in November, an increase from the 12,000 jobs added in October, according to FactSet's consensus estimate.

The FactSet estimate predicts that the unemployment rate will increase from 4.1% to 4.2%.

The labor report is crucial for investors because it will be the final significant examination of the job market before the Fed's Dec. 17-18 meeting, where they will determine the amount of interest rate cuts. A robust labor report will lead the Fed to further reduce rates.

On Monday, investors will receive the ISM Manufacturing PMI report for November, which will provide information on the health of the manufacturing economy. A PMI reading above 50% indicates an expanding economy, while below 50% suggests a decline.

Multiple Fed officials are anticipated to deliver speeches during the week, including Fed governor Christopher Waller on Monday and Fed chair Jerome Powell on Wednesday. These speeches will be closely watched by investors for indications about potential future interest rate reductions.