US Bond Traders Are Scouring Shutdown Betting Odds in Data Void

Treasury traders are turning to betting markets for signals on the length of the US government shutdown in the absence of economic data to guide interest rate expectations.

The shutdown entered its sixth day Monday and unlike past episodes, a threat by President Donald Trump to fire federal workers is further complicating talks. Strategists at firms including Goldman Sachs and HSBC are among those flagging in client research notes that odds in betting markets that the government closure could last more than 10 days are high.