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UST yields resumed their slide as weak ADP data showing a 32,000 drop in private payrolls combined with fears from a U.S. government shutdown drove safe-haven demand; 10Y dropped from ~4.15% to ~4.10% (intra-day low ~4.088%) while 2Y fell toward ~3.56%, steepening the curve. The shutdown delayed key economic releases, reducing data flow and reinforcing dovish expectations, though some caution persisted over fiscal and policy risk. Gold broke records and the dollar softened, suggesting markets are leaning into the easing narrative ahead of future CPI/PCE prints.