The yield on the US 10-year Treasury note rose to 4.16% on Monday, marking its highest level in more than a week, driven in part by rising borrowing costs in Europe and Japan amid political developments. Traders are also closely monitoring the US federal government shutdown, now in its sixth day, which has delayed the release of key economic data and prompted a threat from President Trump to fire federal workers. Last week’s private-sector data pointed to a sluggish labor market and moderation in demand, though the figures did not raise immediate concerns about the broader economic growth outlook. Traders now await fresh commentary from central bank officials and the FOMC minutes this week for further direction on the monetary front.