Very positive price action in Treasuries today, best seen in a chart of TLT, the most widely traded bond ETF.

Any techhie will tell you that the upside breakout/backtest/resumption pattern traced out over the past month strongly suggests more price appreciation.

In fact, my colleague Ed Blake reckons the 30-year Treasury yield is poised for a decline of another 10-15 basis points. See: US 30YR YIELD TECH

Makes sense. By the time the Senate returns on Tuesday, the shutdown will be entering its third week. The conversation will then shift to who’s not getting paid and how it will impact the economy. See: Things That Stick Out: Friday Morning Meeting