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Holiday note: The new amortization simulator and results will be published on Wednesday afternoon, given Tuesday's holiday.
The U.S. government has shut down, but markets saw it coming. So far, the fallout is minimal, with U.S. bond futures little changed at 5:30 am ET Wednesday.
If the impasse drags on, effects could range from the Fed having less data to make rate decisions to widespread bond volatility.
Interestingly, as Washington closes shop, politicians don't get furloughed. After all, you can't get laid off from a job you weren't doing in the first place.
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