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Treasury Yields Fall as U.S. Shutdown Fears Grow, Fed Decision Looms
Yields on Treasuries fell as investors continued to seek safe-haven assets as the risk of another U.S. government shutdown grows and investors await a Federal Reserve decision on Wednesday.
Gold has broken above the $5,000-an-ounce barrier as Senate Democrats resist supporting a funding bill for the Department of Homeland Security after another fatal shooting in Minneapolis, risking a shutdown.
The Fed is widely expected to leave interest rates on hold this week, but markets will be scrutinizing accompanying comments for any signals on when rates could be cut again.
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