30-Year Treasury Bond futures saw continued gains, with the 30-Year yield reaching its lowest level since early April. The US government shutdown, nearing a record length, contributed to the gains by delaying economic statistics and disrupting normal activity. The yield curve is flattening: the 30-Year yield is now less than 100 basis points higher than the 5-Year note, down from a peak gap of over 125 basis points. The 10-Year yield is about 50 basis points above the 2-Year note. Shorter maturity yields, tied more closely to the Fed's interest rate, have moved less.
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