The 10-year Treasury yield slightly increased after a strong jobs report.

Early Monday, U.S. Treasury yields were slightly higher as investors evaluated potential actions from the Federal Reserve in response to Friday's robust employment data.

While the yield on the was over 3 basis points higher at 3.968%, the yield on the was up by under a basis point at 3.984%.

Yields move inversely to prices. One basis point equals 0.01%.

Treasury yields jumped on Friday as investors digested a better-than-expected September jobs report.

In September, nonfarm payrolls increased by 254,000, surpassing the 150,000 forecast by economists surveyed by Dow Jones.

The strong economic signals suggest that the Federal Reserve may proceed with smaller rate reductions after its 50-basis-point cut last month.

The FedWatch tool from the CME Group shows that traders are now predicting a 91% chance of a 0.25% rate cut at the central bank's upcoming November meeting.

Fed officials Neel Kashkari, Raphael Bostic, Michelle Bowman, and Alberto Musalem will provide investors with more indications on the path for rates through speeches on Monday.

As Israel commemorates the one-year anniversary of the Oct. 7 attacks, investors are closely watching the ongoing conflict in the Middle East and its potential effects on global markets.