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Jessica Fleetham, Dow Jones Newswires
U.S. Treasury yields were rising, particularly long-dated yields, as the U.S. government shutdown drags on into a second week.
This means official U.S. data, including key monthly nonfarm payrolls numbers due last week, won’t be released. Other U.S. jobs data last week were mixed. Focus this week will be on Wednesday’s Federal Reserve minutes for clues on how fast interest rates are likely to fall.
Ten-year and 30-year Treasury auctions on Wednesday and Thursday will also provide “a good test of demand around current Fed and government policies,” Deutsche Bank analysts said in a note.
Ten-year U.S. Treasury yields rise 3 basis points to 4.152%, while 30-year yields rise 4.5bps to 4.759%, Tradeweb data show.
