金色财经
金色财经|Oct 03, 2025 18:09
[Morgan Stanley: U.S. Treasury Options Indicate Government Shutdown Could Last Up to 29 Days] According to a report by Golden Finance, Morgan Stanley's interest rate strategists believe that U.S. Treasury options pricing suggests the government shutdown starting on October 1 will last at least 10 days, with a maximum duration of up to 29 days. U.S. Treasury futures options 'have priced in risk premiums on dates when key economic data is released,' strategist Shaun Zhou stated in a report. This includes the release date of the monthly employment report, one of the most important economic indicators in the U.S. Due to the government shutdown, the September non-farm payroll data, originally scheduled for release at 8:30 AM ET on Friday, was not made public. Additionally, the September Consumer Price Index, which was supposed to be released on October 15, is also affected. Morgan Stanley calculated that the probability of a shutdown lasting 10 to 29 days implied by options exceeds 60%. The probability of a shutdown lasting 4 to 9 days is slightly above 20%, while the likelihood of it lasting at least 30 days is approximately 10%. The report also noted that prediction betting platform PolyMarket similarly believes the probability of a 10 to 29-day shutdown is the highest, though the likelihood of a longer shutdown is greater.
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