U.S. Treasury yields are rising, government expected to resume operations.

The yield on US Treasury bonds rose during the Asian trading session as the US government shutdown came to an end. The US House of Representatives passed a spending bill to reopen the government, but the temporary nature of the bill poses a risk of another shutdown next year. Gustav Helgesson of SEB Research stated in a report, "This temporary spending bill only provides funding for the federal government until January 30, so the risk of another shutdown as early as next year is possible." According to Tradeweb data, the yield on 2-year US Treasury bonds rose by 2.1 basis points to 3.586%; the yield on 10-year US Treasury bonds rose by 1.7 basis points to 4.095%; and the yield on 30-year US Treasury bonds rose by 1.6 basis points to 4.677%.