U.S. 10-Year Treasury Note yields closed higher at 4.11%, but ended the week lower by 6 basis points amid a government shutdown. With no major economic releases, such as jobless claims or Nonfarm Payrolls, market uncertainty pushed yields lower. As yields moved down, volatility followed suit, with the latter closing near six-month lows. Due to the government shutdown, data releases remain abbreviated, but the FOMC Minutes, a Fed Chair speech, and Treasury auctions remain on the schedule for next week.
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