Bond traders anticipate a flood of data post-government shutdown to confirm Fed rate cut expectations. Positive job data could surprise markets, causing Fed to hold rates steady. Treasuries rally amid economic uncertainty, while Fed Chair Powell emphasizes recent cuts as protective, not stimulative. Uncertainty drives volatility in bond market. Market sentiment bullish towards Treasuries.

Read more at Yahoo Finance: Bond Traders Eye Make-or-Break Data to Chart the Fed’s Next Move