The 10-year Treasury yield slid on Monday as investors anticipated a packed week of delayed economic data releases.
The yield on the 10-year Treasury fell more than 1 basis point to 4.129%. The 2-year note yield moved 1 basis point lower to 3.604%. The 30-year bond yield traded down more than 1 basis point to 4.735%.
One basis point equals 0.01% and yields and prices move in opposite directions.
Last week, U.S. President Donald Trump signed a funding bill to end the U.S. government down, the longest in its history after lasting a total of 43 days.
Investors faced an economic data blackout during the shutdown, but now a slew of delayed reports will be published this week. These are set to provide investors with a clearer picture of the health of the U.S. economy as well as insights on the Federal Reserve’s interest rate decision in December.
The most important will be September’s nonfarm payrolls report which will be released by the Bureau of Labor Statistics on Thursday — the first piece of economic data which went unreleased during the shutdown.
Other delayed reports including August’s construction spending on Monday, and the trade balance for August on Wednesday.
Investors will also be looking out for the FOMC minutes on Thursday, which should provide further clarity on rate moves in December.
