FX.co ★ US 10-Year Yield Edges Higher

The yield on the 10-year U.S. Treasury note rose to approximately 4.14% on Monday, continuing its upward trend from the previous session as investors assessed the economic impact of the persistent government shutdown. This shutdown has halted key federal operations and postponed significant economic data releases, such as September's jobs report, which was initially set for release on Friday. In terms of monetary policy, recent data has bolstered the expectation of rate cuts by the Federal Reserve, with the market almost fully anticipating a quarter-point reduction this month, followed by another in December. Traders are now looking forward to new insights from central bank officials this week to guide their next moves, including statements from Fed Governor Stephen Miran on Wednesday and Chair Jerome Powell on Thursday.