Benchmark 10-year Treasury yields rose to a 12-week high on Monday as investors priced for a more robust American economy and less dovish Federal Reserve. Yields have jumped since a much stronger than expected employment report for September led investors to price out the probability that the U.S. central bank will make further large interest rate cuts, following a 50 basis point reduction last month. Traders are now pricing in 41 basis points of cuts by year-end, indicating a less than certain chance that the Fed will make 25 basis point cuts at each of its coming two meetings.