treasury yields nudged higher monday as investors awaited a busy week of jobs data including friday’s january employment report and continued to assess the path higher for interest rates after the federal reserve last week signaled it will move aggressively to rein in inflation what are yields doing   the yield on the 10year treasury note tmubmusd10y was at 1786 compared with 1779 at 3 pm eastern on monday yields and debt prices move opposite each other   the 2year treasury yield tmubmusd02y was 1201 compared with 117 on friday afternoon the yield on the 2year note last week saw its largest weekly rise since october 2019 the federal reserve at its first policy meeting of 2022 last week signaled it will be aggressive in raising rates and otherwise pulling back on monetary stimulus as it attempts to rein in persistently high inflation treasury yields rose as investors prepared for a steady stream of rate increases beginning in march some analysts have penciled in as many as seven hikes one for each remaining policy meeting in 2022 atlanta federal reserve bank president raphael bostic in an interview with the financial times published saturday said policy makers could at some point boost rates by a halfpoint rather than the typical quarter point increment if inflation remains stubborn bostic who isn’t a 2022 voting member of the policysetting federal open market committee maintained his call for three quarterpoint rate increases in 2022 but said a more aggressive approach was possible if warranted by economic data the economic data calendar on monday is light with the january chicago purchasing managers index due at 945 am eastern labor data will be in the spotlight this week with december job openings and leavings data set for release on tuesday morning automatic data processing’s take on january privatesector jobs on wednesday weekly joblessclaims data on thursday and the official january jobs report on friday what are analysts saying “the fed once again tweaked its monetary message towards a more hawkish setting at last week’s meeting this incremental approach may mean that the market does not become too unnerved but whether it is the right option to bring inflation back under control is another question” said steve barrow head of g10 strategy at standard bank in a note