US Treasury Yields Remain Stable Amid Shutdown, Layoff Data Signals Economic Concerns

U.S. Treasury yields held relatively steady today, November 7, 2025, as the ongoing government shutdown continues to restrict key economic data releases, leaving investors to rely on alternative indicators.

The 10-year Treasury yield edged up slightly to 4.102%, while the 2-year note yield dipped to 3.562%. The 30-year bond yield saw a more noticeable increase, rising to 4.708%. These movements represent changes of less than 3 basis points, with one basis point equaling 0.01%. The absence of the Bureau of Labor Statistics’ nonfarm payrolls report – delayed for the second consecutive month due to the shutdown – is significantly impacting market assessment.

Economists had anticipated the payrolls report to show a decline of 60,000 jobs and an unemployment rate increase to 4.5%. In its place, investors are focusing on data from Challenger, Gray & Christmas, which revealed a substantial surge in announced job cuts for October, totaling 153,074. This figure represents a triple increase from September and a 183% jump year-over-year. The report indicates October saw the highest number of layoffs since 2003, and 2025 is shaping up to be the worst year for announced layoffs since 2009. You can find more information about understanding Treasury yields on Investopedia.

This rise in layoffs, coupled with the lack of official government data, adds to concerns about the overall health of the U.S. economy and could influence future Federal Reserve policy decisions. The Federal Reserve closely monitors employment data when setting interest rates; a lack of reliable data complicates this process. For more on the government shutdown, see USA.gov’s shutdown resources.

Officials have stated they are monitoring the situation closely and will release the delayed economic reports as soon as the government resumes full operation.