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US Government Shutdown Enters Second Week, Long-Term US Treasury Yields Continue to Rise
Summary: According to reports from sources, as the US government shutdown enters its second week, US Treasury yields are rising, with long-term yields showing a particularly noticeable increase. Due to the shutdown, official US data (including the key non-farm payroll report originally scheduled for release last week) has yet to be published. Other employment data released ...
According to reports from sources, as the US government shutdown enters its second week, US Treasury yields are rising, with long-term yields showing a particularly noticeable increase. Due to the shutdown, official US data (including the key non-farm payroll report originally scheduled for release last week) has yet to be published. Other employment data released last week showed mixed performance. This week, market focus will shift to the minutes of the Federal Reserve meeting scheduled for Wednesday, in search of clues on the pace of interest rate cuts. Analysts at Deutsche Bank noted in a report that the 10-year and 30-year Treasury auctions held on Wednesday and Thursday will also serve as a good test of market demand for current Federal Reserve and government policies. Data shows that the 10-year US Treasury yield rose by 3 basis points to 4.152%, while the 30-year yield increased by 4.5 basis points to 4.759%.
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Link: US Government Shutdown Enters Second Week, Long-Term US Treasury Yields Continue to Rise [Copy]
