US 30-year Treasury yields climbed to their highest level since mid-July. Following European and British bond market trends, investors are worried that the world's major economies' governments are losing control of their fiscal deficits. According to data from the US Treasury, the current US federal debt is 37.18 trillion US dollars, and it has continued to grow during the administration of both the Republican Party and the Democratic Party governments. The US Congress will have less than a month to ensure that federal agencies are well-funded and avoid a partial government shutdown. Lawmakers must agree on about $1.8 trillion in discretionary spending of the $7 trillion federal budget. Evercore ISI managing director and fixed income strategist Stan Shipley said: “A government shutdown is very likely... this has never been good news for capital markets.”

US 30-year Treasury yields climbed to their highest level since mid-July. Following European and British bond market trends, investors are worried that the world's major economies' governments are losing control of their fiscal deficits. According to data from the US Treasury, the current US federal debt is 37.18 trillion US dollars, and it has continued to grow during the administration of both the Republican Party and the Democratic Party governments. The US Congress will have less than a month to ensure that federal agencies are well-funded and avoid a partial government shutdown. Lawmakers must agree on about $1.8 trillion in discretionary spending of the $7 trillion federal budget. Evercore ISI managing director and fixed income strategist Stan Shipley said: “A government shutdown is very likely... this has never been good news for capital markets.”