A federal government shutdown seemed increasingly likely after top Democrats and Republicans met with President Donald Trump at the White House on Monday.
One basis point is 0.01%, and yields and prices move in opposite directions.seemed increasingly likely after top Democrats and Republicans met with President Donald Trump at the White House on Monday. "I think we're heading for a shutdown because the Democrats won't do the right thing," Vice President JD Vance told reporters after the meeting, held less than two days before funding is set to run out.
"Full government shutdowns have historically been temporarily modestly positive for Treasuries and have had a mixed impact on equities," Eastspring Investments said in a daily note.The week's main event is the September nonfarm payrolls report, set for release Friday morning by the Bureau of Labor Statistics. Economists expect 59,000 jobs to be added, with unemployment holding at 4.3%, according to FactSet. Some analysts caution a negative print is still possible. The data could shape the Federal Reserve's next moves, with traders pricing in two more interest-rate cuts before the year-end, consistent with the central bank's latest guidance.
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