Treasury yields move lower as U.S. government shutdown enters 10th day

U.S. Treasury yields were lower on Friday as the U.S. government shutdown entered its 10th day, extending the economic data blackout.

The 10-year Treasury

was down 5 basis points at 4.098%, while the 2-year Treasury yield was more than 2 basis points lower at 3.574%. The longer-maturity 30-year Treasury yield dropped more than 5 basis points to 4.676%.

One basis point is equal to 0.01% and yields and prices move in opposite directions.

The U.S. government shutdown reached Day 10 on Friday. On Thursday, the Senate failed to advance stop-gap funding bills for the seventh time, with Republican and Democratic lawmakers appearing unwilling to give up on their own party’s demands.

Treasury yields move lower as U.S. government shutdown enters 10th day

Related reading

Treasury yields inch lower as U.S. government shutdown enters 17th day

Treasury yields move higher as government shutdown stretches on

Treasury yields move higher as investors continue to face economic data blackout

Treasury yields lower as investors continue to monitor government shutdown

Treasury yields tick lower as government shutdown enters fourth week

Treasury yields little changed as U.S. government shutdown drags on