The yield on the 10-year Treasury note fell to4.1% from the one-month high of 4.16% as compounding signs of a weaker economy favored the outlook of a rate cut by the Federal Reserve next month. The Michigan consumer sentiment index unexpectedly sank to it second-lowest on record in November. Also, the Challenger report reflected a surge in job cuts in October with firms citing a weaker consumer and cost-cutting corporate measures. The surveys were magnified in importance as the ongoing government shutdown halted the release of official data. Still, higher inflation and robust economic activity maintained 30% of the market to be positioned for a hold by the Fed next month. The ISM Services PMI rose more than expected in October, while its price gauge rose to a three year high. Meanwhile, the Treasury signaled it will continue to concentrate higher issuance volumes in bills instead of coupon securities, as the Fed becomes of net buyer of short securities to offset the run-off for MBSs.