Treasuries saw a notable increase in value on Wednesday, with the yield on the ten-year note dropping to 4.106 percent. The U.S. government shutdown contributed to the rise in bond prices, as Democrats and Republicans remain at odds over funding issues. Private sector employment decreased unexpectedly in September, with a 32,000 job loss reported by ADP. Economists had anticipated a gain of 50,000 jobs. The government shutdown is likely to impact data releases, including the Labor Department’s monthly jobs report. The shutdown may also influence the Federal Reserve’s upcoming interest rate decision.

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