Bond Traders See Data Whirlwind Shattering Shutdown-Induced Calm

The world’s biggest bond market has been stuck in a rut, but traders are preparing for what could be a whirlwind of action once the US government shutdown ends and unleashes a flood of key economic data.

Expected volatility in US Treasuries has cratered since the closure started last week, delaying the release of all-important official reports on employment and inflation at a pivotal time — in the lead-up to the Federal Reserve’s two remaining meetings this year. The next one is just weeks away, with a decision due Oct. 29.