With the US government shutdown preventing access to official data, the Federal Reserve is expected to cut its key interest rate by 25 basis points.

Mabrouk Chetouane, Global Market Strategist at Natixis IM Solutions, noted in a report that the economy faces multiple shocks, and some of the Fed's policy tools are currently unavailable. Fed Chair Jerome Powell must carefully manage the impact of monetary policy on the economic cycle.

According to Tradeweb data: - The 2-year US Treasury yield rose 0.2 basis points to 3.495%. - The 10-year US Treasury yield fell 0.4 basis points to 3.978%. - The 30-year US Treasury yield declined 0.6 basis points to 4.540%.