In the USA, the bond market is entirely focused on short-term government bonds, those most affected by a possible default by the United States.
As last minute negotiations continue in the Senate to end the federal shutdown and raise the debt ceiling, which will be reached tomorrow, yields on one-month Treasuries maturing on October 24 and 31 have jumped upwards: in the first case , reached 0,679% (+17 basis points), in the second they are at 0,662% (+9,5 basis points).
If Congress strikes a deal, yields will likely deflate again. Meanwhile, the 2,733-year bond sees prices rising and yields falling to 0,145%. The three-month bond, on the other hand, falls with yields up by XNUMX%.
S&P 500 up 7 points, 0,41%, to 1.705, Dow Jones up 57 points, 0,38%, to 15.232, Nasdaq up 22 points, 0,58%, to 3.816 . Oil futures in November register a +0,03% to 101,23 dollars a barrel, those in December for gold register a +0,38% to 1.278 dollars an ounce.
As regards the other maturities, 2-year bonds see yields rising to 0,363%, 5-year bonds record rising yields to 1,446% and 30-year bonds show rising yields to 3,79%.
