The U.S. bond market was closed on Monday in observance of Veterans Day, following significant post-election market movements last week.

The U.S. Treasury market was closed on Monday for Veterans Day, after experiencing significant fluctuations following the post-election period.

Last week, the 10-year Treasury note yield surpassed 4.4% before ending the week at 4.306%, while the 2-year note yield also exceeded 4.3% before closing at 4.25%.

Those moves came after Donald Trump secured a second presidential term.

The latest inflation reading and consumer and producer prices data for October are due this week, with the consumer data offering insights into the health of the U.S. economy.

According to FactSet, economists predict that the October CPI will increase by 0.2% monthly and 2.5% annually, while core inflation will remain at 0.3% and 3.3% respectively. Meanwhile, the October PPI is expected to have risen by 0.3% in the previous month and 2.3% on an annual basis.

This week, several Federal Reserve officials will speak, including Richmond Federal Reserve President Thomas Barkin on Tuesday and Fed Chair Jerome Powell on Thursday. Investors will closely monitor Powell's speech for hints about future monetary policy.

They will also examine monthly retail sales and industrial production data, along with other reports, which will be released on Friday.

This week, the Federal Reserve reduced interest rates by 0.25% to a new range of 4.50%-4.75%.

The CME Group's FedWatch tool indicates that traders are pricing in a 63% chance of another quarter-point cut by Fed officials in their next December meeting.

The U.S. bond market was open on Monday.