Government Shutdown Ends with Data Downtime, US Treasury Yield Rises

BlockBeats News, November 13th, as the U.S. government reopens, U.S. Treasury yields rise despite uncertainty over key data releases. The White House warned yesterday that the October CPI, originally scheduled to be released today, may never be published, and the initial jobless claims report has also been postponed. Due to policymakers' caution towards inflation, the probability of the Fed pausing rate cuts next month has increased from 30% a week ago to 44%, according to CME data. A 30-year bond auction is planned for today. (FX168)