Market Updates

• Interest rates fell last week with the 2-year Treasury note yield falling by seven basis points to 3.47% while the 5-year note declined by six basis points to 3.60%.

• The Federal Government shutdown has entered its third week and so far, the effects have been relatively muted however, economists estimate that each week of the shutdown reduces GDP growth by 0.1% to 0.2%.

• Some BLS workers were called back to work to publish the September CPI report, which is due out Friday, and is the final report required for the Social Security Administration to calculate the 2026 cost-of-living adjustment.

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