Overview

• The government shutdown persists with no deal in Congress after clashes over what to include in the spending bill.
• On Tuesday, the 10-year yield hovered near 4.196% with the 30-year around 4.767% and the 2-year near 3.599%, showing little change.
• The shutdown has delayed key economic reports, including the September jobs report.
• Investors are looking to remarks by Fed Governor Stephen Miran on Wednesday, Chair Jerome Powell on Thursday, and the FOMC minutes on Wednesday for policy cues.
• White House National Economic Council Director Kevin Hassett said federal layoffs would begin if President Donald Trump concludes negotiations are going nowhere.