US 10-Year Yield Rises as Govt Shutdown Nears End
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The 10-year Treasury yield rose 3 basis points to approximately 4.13% as a potential deal to end the government shutdown emerges. Senate Majority Leader John Thune indicated a federal budget agreement could reopen the government through January. Despite weak economic data, including a drop in consumer sentiment and increased job cuts, markets are divided on a possible Fed rate cut in December, with a 67% chance of a quarter-point reduction.
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