It was an uneventful day for the bond market (and, thus, rates of interest) as buyers look ahead to readability on this week’s potential authorities shutdown. It’s not the shutdown itself that might notable. Rather, it could be the absence of this Friday’s jobs report (revealed by the Federal authorities) as it could deprive the speed market of its brightest guiding mild.
In the larger image, after final month’s jobs report helped usher charges to the bottom ranges in practically a yr, different financial studies regularly pushed again within the different route. With the labor market exhibiting some indicators of potential weak point, every new jobs report can be important in figuring out if there can be extra runs towards new long-term lows.
Even a stop-gap/short-term funding invoice could be adequate. The deadline for a call is 12:01am ET on Wednesday morning.
