10-year Treasury yield tops 1.61% to start the week

The 10-year U.S. Treasury yield topped 1.61% early on Monday, despite weaker employment data last week.

" on Monday that he believed the Fed would go ahead with tapering its asset purchases, though he said that weaker sets of data like the latest jobs report would sow some doubt as to how fast it would do so.

"I think the challenge here for the Fed, and others, is to normalize what has not been a normal economic cycle because of the pandemic and the lockdowns," Das said.Instead, investor attention this week will be focused on August's Job Openings and Labor Turnover Survey, due out on Tuesday. Core inflation data for September and minutes from the Fed's latest meeting are then set to come out on Wednesday.

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