Treasury yields little changed as investors look ahead to key jobs data

The benchmark 10-year Treasury yield has risen less than a basis point to 4.374% as of the closing bell, while the 2-year Treasury yield had risen more than 1 basis points to 4.10%. Meanwhile, the 30-year bond yield was little changed at 4.864% as of the market close.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

May’s JOLTS job openings data, which tracks how many jobs are available in the U.S., is set to be published on Tuesday morning. The June nonfarm payrolls report, which shows the number of jobs the U.S. economy added in the last month, is also due on Thursday. Investors will parse these reports closely to gauge the health of the U.S. economy.

Elsewhere, the U.S. and Iran agreed to pause hostilities and allow commercial vessels to freely pass through the Strait of Hormuz, following military clashes over the weekend that threatened to derail negotiations aimed at ending the conflict.

“Technical talks are slated to continue on all areas of the MOU,” a U.S. official told CNBC on Sunday. “Both sides will stand down for now, and vessels can move freely.”

Oil prices were up, with West Texas Intermediate futures rising 1.2% to $70.06 a barrel, while International Brent gained 0.9% to $72.69 a barrel.