BlockBeats News, October 6th. As the U.S. government shutdown entered its second week, U.S. Treasury yields rose, with the long end seeing a particularly significant increase. Due to the shutdown, official U.S. data (including the key nonfarm payroll report originally scheduled for release last week) has yet to be published. Other employment data released last week showed mixed performance.
This week, the market focus will shift to the minutes of the Federal Reserve’s meeting to be released on Wednesday, in search of clues to the speed of 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 the market’s demand for the current Fed and government policies.”
Data shows that the 10-year U.S. bond yield rose by 3 basis points to 4.152%, while the 30-year yield increased by 4.5 basis points to 4.759%. (Golden Finance)
