Treasury yields move lower as end of the government shutdown nears

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U.S. Treasury yields were lower on Wednesday as investors welcomed progress on bringing an end to the government shutdown.

At 6:00 a.m. ET, the 10-year Treasury yield was down over 2 basis points to 4.085%, while the 2-year note yield fell over 3 basis points to 3.556%. The 30-year bond yield was down 1 basis point to 4.688%.

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

Investors are optimistic after the Senate passed a bill on Monday to fund the federal government through January and end the longest shutdown in U.S. history, which lasted over 40 days.

Treasury yields move lower as end of the government shutdown nears

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