U.S. Government Shutdown Impacts Treasury Yields Amid Market Uncertainty

According to BlockBeats, the U.S. government shutdown has entered its second week, leading to a rise in Treasury yields, with long-term yields showing significant increases. The shutdown has delayed the release of official U.S. data, including the crucial non-farm payroll report originally scheduled for last week. Other employment data released last week showed mixed results. This week, market attention will shift to the Federal Reserve's meeting minutes set to be released on Wednesday, as investors seek clues on the pace of interest rate cuts. Analysts from Deutsche Bank highlighted that the auctions of 10-year and 30-year Treasury bonds on Wednesday and Thursday will serve as a "good test of market demand for current Federal Reserve and government policies." Data indicates that the yield on the 10-year Treasury note increased by 3 basis points to 4.152%, while the 30-year yield rose by 4.5 basis points to 4.759%. The ongoing government shutdown continues to create uncertainty in the financial markets.