Treasuries rebounded on Thursday, with bond prices moving higher as the yield on the ten-year note dropped to 4.088 percent. The U.S. government shutdown continued into its second day, with the Senate adjourning for the Yom Kippur holiday. President Trump used the shutdown as an opportunity to consider cuts to federal agencies. Due to the shutdown, the releases of jobless claims and factory orders reports were postponed, as well as the monthly jobs report. However, the Institute for Supply Management will still release its report on service sector activity.
Read more at Nasdaq: Treasuries Move Modestly Higher After Recovering From Initial Pullback
