U.S. Treasury yields moved higher Monday morning as investors weighed the latest news coming out of the Middle East and awaited a fresh batch of economic news on the labor market later this week. The 2-year Treasury yield moved up 3.7 basis points to 3.925% while the benchmark 10-year note moved up 3.2 basis points to 4.41% as of 6:53 a.m. ET. A basis point equals 0.01 percentage point. Fixed income yields rose following conflicting reports out of the vital Strait of Hormuz shipping channel.