Source: US Dept. of Treasury End of Day
• Interest rates fell last week with the 2-year Treasury note yield falling by four basis points to 3.54% while the 5-year note decreased by six basis points to 3.66%.
• The Federal Government remains shut, leading to a surge in unemployment claims among Federal workers and threatens to pressure the unemployment rate higher.
• According to the latest JOLTS report, the job opening rate ended August at a 5-year low and corroborates with real time data provided by the job search website Indeed, which shows job openings declined to a four-year low.
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