• Job openings jumped higher for the month of June, reaching 10.1 million, the Labor Department reported Monday.
• The consumer price index and the producer price index, both of which measure inflation, are scheduled to come out Wednesday and Thursday, respectively.

Treasury yields rose Monday, with investors despite strong job openings data and ahead of inflation readings due to be released this week.

The yield on the benchmark 10-year Treasury note rose 3.7 basis points to 1.325% at 4:00 p.m. ET. The yield on the 30-year Treasury bond rose 3.5 basis points, to 1.968%. Yields move inversely to prices.

Job openings jumped higher for the month of June, reaching 10.1 million, the Labor Department reported Monday. Economists polled by Dow Jones expected 9.1 million.

Treasury yields jumped on Friday following a better-than-expected nonfarm payroll report from the Labor Department.

The report showed 943,000 jobs were added in July, well above the 845,000 forecast by economists. Meanwhile, the unemployment rate fell to 5.4%, below an expected rate of 5.7%.

Employment data is one of the key economic indicators being used by the Federal Reserve to determine when it will start tightening monetary policy, along with inflation readings.

The consumer price index and the producer price index, both of which measure inflation, are scheduled to come out Wednesday and Thursday, respectively.

Julian Howard, head of multi-asset solutions at GAM, told CNBC's "Squawk Box Europe" on Monday that he believed the Fed was "still prepared to see through" higher inflation readings as transitory rises as part of the economic recovery from the coronavirus pandemic.

Auctions were held on Monday for $54 billion of 13-week bills and $51 billion of 26-week bills.

— CNBC's Patti Domm contributed to this report.