[U.S. government avoids shutdown triggering sell-off, 10-year and 30-year U.S. bond yields rise to multi-year highs] U.S. Treasury bonds fell on the first trading day after the U.S. government avoided a shutdown, after the U.S. Congress passed a temporary appropriation bill to allow the government to operate until 11 January 17th. This prompted the market to increase its bets on the Federal Reserve raising interest rates this year and further reduce its bets on cutting interest rates next year. The bond market kicked off the final quarter of the year in a new round of selling, with 10-year and 30-year U.S. Treasury yields hitting multi-year highs on Monday. The benchmark 10-year Treasury bond yield hit 4.7%, a new high since 2007, and the 30-year yield rose above 4.81%, a new high since 2010. U.S. Treasury yields from 5 to 30 years rose by more than 10 basis points on the day.

Brazilian Ministry of Commerce and Trade: Brazil exported 8.11 million tons of crude oil in September, compared with 5.72 million tons in the same period last year; exported 35.73 million tons of iron ore, compared with 36.12 million tons in the same period last year; exported 6.4 million tons of soybeans, compared with 4 million tons in the same period last year.

U.S. natural gas futures fell 3.00% during the day and are currently at $2.841/million British thermal units.

The Russell 2000 has turned from positive to negative so far this year as small-cap stocks struggle.

Federal Reserve Governor Barr: Generative artificial intelligence may also lead to the disappearance of some jobs and cause serious unemployment problems.

Federal Reserve Governor Barr: The potential positive and negative impacts of artificial intelligence could be "considerable."

Federal Reserve Governor Barr: Generative artificial intelligence has the potential to increase productivity growth and quickly improve the situation.

Federal Reserve Governor Barr: The intermediary role of banks in the issuance of Treasury bonds seems to be effective.

Fed Governor Barr: Not sure whether leverage ratio is the main source of stress in the U.S. Treasury market.

Federal Reserve Governor Barr: Housing services inflation is expected to continue to slow.

Fed Governor Barr: Goods and housing services inflation is falling in the right direction.

Fed Governor Barr: The current degree of credit tightening is less than what I worried about in March.

Fed Governor Barr: We will probably need to keep interest rates high for a period of time.

Fed Governor Barr: I believe we can get inflation down to 2%.

Fed Governor Barr: It may be that we have reached or are close to a sufficiently restrictive interest rate level.

Market news: U.S. automaker groups called fuel economy penalties "worrying" and would "harm U.S. competitiveness."

The Fed accepted a total of $1.366 trillion from 99 counterparties in fixed-rate reverse repurchase operations.

Fitch: The performance of global structured financial assets is expected to continue to weaken in the fourth quarter of 2023 and 2024.

Fitch: Global structural finance ratings remain strong despite weak asset performance.