Treasury yields little changed as U.S. government shutdown drags on

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Treasury yields little changed as U.S. government shutdown drags on
MarketsBreaking News: MarketsJerome Powell
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U.S. Treasury yields saw little change on Thursday morning.

Yields on U.S. Treasurys were broadly unchanged on Thursday morning, as investors continued to wait for a breakthrough on the ongoing government shutdown . By 7:41 a.m. ET, the yield on the benchmark 10-year Treasury note was flat, with little movement seen across the curve.

Longer-maturity Treasurys were marginally lower, with yields on 20- and 30-year bonds shedding 1 basis point. The U.S. government shutdown enters its ninth day on Thursday, as an impasse over funding drags on. On Wednesday, theon the shape of the labor market. With data releases put on the back burner, investors looked to minutes from the Federal Reserve's most recent meeting for clues about the outlook for the economy.that while Fed officials were united in their drive to lower interest rates in September, they were divided over how many rate cuts they should enact from October onward. Money markets are currently pricing in a 95% chance of the central bank trimming its key interest rate again in October, according to

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