US Bond Traders Are Scouring Shutdown Betting Odds in Data Void
In the absence of economic data due to the ongoing US government shutdown, Treasury traders are relying on betting markets to gauge the potential duration of the impasse. With key economic indicators unavailable, traders are scouring data from online betting platforms to assess the likelihood and timelines of a resolution to the shutdown. This approach reflects the market's need for alternative sources of information to inform their interest rate expectations during this period of uncertainty. Traders are closely monitoring the odds offered by these betting platforms, which provide real-time insights into the perceived probability and timing of a potential agreement between the White House and Congress. This unconventional use of betting data highlights the challenges faced by market participants in navigating the current data void created by the government shutdown.
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