The 10-year Treasury yield surpassed 4.11% due to investor attention to Fed speeches.

On Monday, the U.S. 10-year Treasury yield surpassed 4.11% as investors anticipated a series of speeches from Federal Reserve officials.

The yield on the 10-year Treasury increased by approximately 4 basis points to 4.112%, while the yield on the 2-year Treasury rose by about 2 basis points to 3.983%.

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

Officials at the U.S. central bank are likely to be closely watched by market participants on days without major economic data releases.

On Monday, Lorie Logan of the Dallas Fed, Neel Kashkari of the Minneapolis Fed, Jeff Schmid of the Kansas City Fed, and Mary Daly of the San Francisco Fed are scheduled to speak, providing insights into the Fed's monetary policy outlook.

Last week, Governor Christopher Waller of the Federal Reserve stated that future interest rate cuts would not be as aggressive as the September jumbo rate cut, expressing some worry that the U.S. economy may still be operating at an undesirable speed.

Waller stated on Oct. 14 that the totality of the data suggests that monetary policy should proceed with more caution on the pace of rate cuts than was needed at the September meeting, as indicated by recent reports on employment, inflation, gross domestic product, and income.

Last month, the Federal Open Market Committee made an unusual move by reducing its baseline interest rate by 50 basis points to a target range of 4.75% to 5.00%.

— CNBC's Jeff Cox contributed to this report.