US 10-Year Yield Rises as Govt Shutdown Ends
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The US 10-Year Treasury yield rose to 4.09% after President Trump signed a short-term funding bill, ending the longest government shutdown. The House approved the measure 222-209. The shutdown's end allows for delayed economic reports, although some data may not be released. Markets now see a 60% chance of a 25-basis-point Fed rate cut in December, down from 67%. ADP data showed private employers cut about 11,250 jobs weekly in October, raising labor market concerns. The recent 10-year note auction showed a slight tail.
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