U.S. Treasury yields continue to climb, following last week's three-month high.

U.S. Treasury yields continue to climb, following last week’s three-month high.

The yield on the 10-year U.S. Treasury extended its climb on Monday, building on last week’s three-month high. It rose over five basis points to reach 4.284%, while the 2-year Treasury yield gained three basis points, hitting 4.126%.

Yields and prices move inversely, meaning that when yields rise, bond prices fall. A basis point represents 0.01%.

U.S. Treasury yields continue to climb, following last week's three-month high.

The yield on the 10-year Treasury reached a three-month high on Wednesday, surpassing 4.25% before easing slightly by week’s end.

While Monday brings minimal economic data, traders are gearing up for new jobs reports and consumer confidence figures leading up to the U.S. presidential election on Nov. 5.

Investors are also processing a wave of central bank insights following last week’s IMF meetings in Washington, D.C. Meanwhile, Federal Reserve policymakers have entered a blackout period, refraining from public comments ahead of next week’s interest rate decision.