📊 U.S. Government Shutdown Impact: As the shutdown enters its second week, Treasury yields continue to climb — with long-term yields rising the most.

📉 Key economic data, including last week’s nonfarm payrolls report, remains unreleased due to the shutdown, while other job indicators showed mixed signals.

🔍 Market focus this week: The FOMC minutes (Wed) and 10Y & 30Y Treasury auctions (Wed–Thu) — seen by Deutsche Bank as a test of market demand for current Fed and fiscal policies.

💵 Latest moves:
10Y yield ↑ 3 bps to 4.152%
30Y yield ↑ 4.5 bps to 4.759%

#USTreasury FOMC #FederalReserve MacroUpdate #BondMarket