The impact on the shutdown markets is immediate, a term that indicates the forced closure of all public offices in the USA, due to the failure to approve the budget law within the terms provided. The tightness of the federal offices is negatively affecting the green ticket, which makes the costs of the uncertainty caused by this stall situation. Instead, purchases on the so -called refuge assets, primarily gold and then also Bitcoin, which in the last year or two another “alterative” asset at the share and bond market in periods of uncertainty and crisis.
Having stopped the yields of the Treasury, waiting to understand how much the tightness of the federal offices will last, while the dollar loses ground on the main currencies. The Dollar Index yields 0.2% to 97.27 points, while the euro has risen up to $ 1.172 on a maximum of $ 1.178 USD.
Gold touches new records near $ 4,000
The gold spot price reached new records this morning, reaching a value of $ 3,893 the ounce, a new historic maximum for the precious metal. The Future for delivery December listed to the Comex exceeded $ 3,918.
And while BNP Paribas and Morningstar analysts already look with more interest in the finish of 4,000 dollars, who until a few months ago seemed a utopia, the market is discounted by the impact of the US Shutdown and above all its temporal extension, which will have different economic effects on the US economy. The tightness of the public offices will also condition statistical data on the agenda for the next few days, including those of the job market, leaving the Federal Reserve in the dark on what to do.
All this is added to a series of other factors, such as conflicts in the Middle East and Ukraine, the crisis in France and the distorting effects of the duties policy announced by Donald Trump.
Bitcoin comes back to running
The Bitcoin, parallel, has sagged up, confirming an alternative asset compared to more risky uses such as the share market, after the US legislator has not managed to achieve an agreement on the budget law.
negotiations.
Bitcoin rose by 2.7% to 116,494 dollars, just below 123 thousand dollars reached in mid -August, which represents Pewer the moment the historic maximum for the cryptocurrency. Since the beginning of the year Bitcoin has grown by about 25%, supported by the purchases of institutional to Wall Street, who are starting to consider this asset a reliable portfolio allocation in periods such as the current one.
Treasury Fermi returns
In the meantime, the Treasury returns are almost unchanged, while investors monitor the consequences of the closure of government activities. The performance of ten -year securities remained stopped at 4.14%, while the 2 -year -old one lost 1 basic point, reaching 3.594%and the performance of the securities at 30 years of age has risen just over a base point, attesting to 4.7447%. A trend that testifies to the uncertainty of the market, waiting to understand how long the tightness will last and how the Fed could move in the near future.
