Photo: The U.S. Treasury building in Washington, D.C., on August 15, 2023. Photographer: Nathan Howard/Bloomberg. The U.S. Treasury building in Washington, D.C., on August 15, 2023. Photographer: Nathan Howard/Bloomberg.

Treasuries began the week on the back foot after a U.S. government shutdown was narrowly averted, eliminating a point of uncertainty for traders and returning their focus to the path ahead for interest rates.

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