Treasury 10-year note yields fell to a seven-week low as a budget deadlock that partially shut down the government persisted into a third day and a gauge of U.S. service businesses dropped more than forecast.
President Barack Obama said there is only “one way out” of the partial government shutdown that has entered its third day -- for House Speaker John Boehner to allow a vote on a stopgap spending bill without conditions.
Measures affecting Dodd-Frank Act requirements and the first bill to increase U.S. port dredging since 2007 won’t move forward in Congress while the government remains shut down, according to two Republican leadership aides.
President Barack Obama urged House Speaker John Boehner to hold a vote on funding federal operations without strings attached, saying the Republican leader’s refusal to do so is the only thing standing in the way of reopening of the U.S. government.
The dollar slid to the weakest level in eight months versus the euro as the U.S. government’s partial shutdown added to concern economic growth will slow and prompt the Federal Reserve to delay reducing monetary stimulus.
More than a dozen House Republicans who want to drop attempts to undermine the health-care law and reopen the government are meeting among themselves and with House Speaker John Boehner -- and he’s listening.
Emerging-market stocks gained the most in two weeks after a gauge of Chinese services industries rose. India’s rupee led advances in currencies and the Philippine peso appreciated after a credit-rating upgrade.
The dollar slid to the weakest level in eight months versus the euro as the U.S. government’s partial shutdown added to concern that growth will slow and prompt the Federal Reserve to delay tapering monetary stimulus.