The U.S. government shutdown entered its second week, and long-term U.S. Treasury yields continued to rise

As the US government shutdown entered its second week, US Treasury yields rose, with the gains particularly pronounced at the long end of the yield curve. Due to the shutdown, official US data, including the key non-farm payroll report originally scheduled for last week, has yet to be released. Other employment data released last week showed mixed results. This week, market focus will turn to Wednesday's release of the Federal Reserve meeting minutes for clues on the pace of interest rate cuts. Deutsche Bank analysts noted in a report that the 10-year and 30-year Treasury bond auctions on Wednesday and Thursday will also serve as "a good test of market demand for current Fed and government policies." Data showed that the 10-year Treasury yield rose 3 basis points to 4.152%, while the 30-year yield rose 4.5 basis points to 4.759%. (Jinshi)