Treasuries Lose Momentum as US Government Shutdown Delays Data

Treasuries plied small ranges Thursday as US economic data began facing delays on the second day of the federal government shutdown, leaving investors without labor market readings for signals on the Federal Reserve’s next steps.

Yields in US afternoon trading were back within two basis points of their previous closing levels after retreating from session highs. The 10-year note’s, near 4.09%, was about a basis point lower on the day after climbing to 4.12%. Yields declined sharply Wednesday after a report on private-sector payrolls showed a surprise decline.

Investors in the $29 trillion market have focused on labor-market data under ...