The yield on the 10-year US Treasury note fell to below 4.12% on Tuesday, pulling back from the three-week high touched on Friday as markets assessed the outlook of rates by the Fed and the impact that an eventual government shutdown will have on the economy. New data showed that job openings picked up in September, maintaining a degree of uncertainty on the path of the US labor market as concerning signals from lower payrolls challenge the more optimistic data in unemployment claims. Signs of a weaker labor market have already driven the FOMC to restart its cutting cycle in September, although evidence of stubborn inflation limited the outlook of further easing in financial conditions. Also supporting bonds, consumer confidence measured by the Conference Board ticked down. In the meantime, the US government is on course of a shutdown tomorrow, threatening key services in the US, while President Trump threatened to fire many government workers.