US Treasuries Edge Lower Amid Progress on Ending Shutdown

Treasuries fell as investors weighed expectations for Federal Reserve interest-rate cuts against the prospect of an end to the longest US government shutdown in history.

Yields ended the session about two basis points higher across most tenors, with the 10 year’s rising to 4.11%. The Senate Sunday evening voted to approve a procedural step to advance a bill to end the shutdown. Reopening the government will re-start the flow of official economic data and potentially clarify the outlook for Fed rate cuts.