The yield on the US 10-year Treasury note held near 4% on Tuesday after declining in the previous session, as investors weighed the effects of the prolonged government shutdown, trade uncertainty, and the monetary policy outlook on the economy. National Economic Council Director Kevin Hassett said the shutdown could end this week, boosting optimism for a resolution to the disruption. On trade, President Donald Trump said he expects to reach a fair deal with China’s President Xi Jinping during their meeting in South Korea later this month. Meanwhile, investors await Friday’s September CPI report amid limited data releases caused by the shutdown. Markets widely anticipate a 25-basis-point rate cut by the Federal Reserve next week, with additional reductions expected in December and into next year.