Government Shutdown: Impact on Stocks, Bond Yields, and Gold

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The government shutdown has begun.

Markets had been on edge over a possible shutdown all week as lawmakers sparred and failed to agree on a deal to fund the government before Tuesday night’s deadline.

Investors are worried that the shutdown could be prolonged or lead to mass firings of federal workers, as Trump has threatened leading up to the deadline. That could put further pressure on the labor market and consumer spending at a time when concerns are rising about the path of the economy through year-end and beyond.

The shutdown is also throwing key economic data into flux. The Bureau of Labor Statistics already said it would not release September jobs data on Friday in the event of a shutdown, and there’s also a question mark over the coming consumer inflation report on Oct. 15.

Here are all the ways markets reacted as the US government began shuttering its operations:

Stocks

US stocks traded lower early…

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