Core Points - US Treasury yields experienced slight declines as investors focused on the economic situation amid the ongoing government shutdown, which has entered its fourth week [1][3] - The US federal debt is projected to reach $38 trillion by October 24, with the current total exceeding $37.96 trillion, increasing by $102.49 billion since the beginning of the month [4] - The UK government is committed to reducing borrowing costs and debt while ensuring economic growth, as stated by the Chancellor of the Exchequer [5] Group 1: US Treasury Market - The 2-year Treasury yield fell by 0.9 basis points to 3.455%, the 10-year yield decreased by 1.8 basis points to 3.991%, and the 30-year yield dropped by 2.1 basis points to 4.582% [1] - The government shutdown has halted the release of key economic data, including weekly jobless claims, which may impact investor sentiment [3] - The Treasury Department issued $163 billion in two bond offerings, including $86 billion in 13-week and $77 billion in 26-week bills [7] Group 2: Economic Outlook - Economists express concerns that the prolonged government shutdown could affect quarterly GDP growth, although a temporary slowdown is anticipated [3] - The upcoming release of the delayed September CPI data is expected to provide insights into the economic health before the Federal Reserve's FOMC meeting [3] - The US budget deficit for fiscal year 2025 is projected to be $1.775 trillion, a decrease of $410 billion, marking the first annual decline since 2022 [3] Group 3: International Markets - In Europe, bond yields showed mixed trends, with German and French bonds primarily declining, while Italian bonds experienced slight fluctuations [4] - The UK Chancellor emphasized the need for transparency regarding current fiscal challenges while reaffirming commitment to fiscal rules [5] - In the Asia-Pacific region, the Japanese market reacted positively to political stability, with the Nikkei index reaching a historical high [5][6]