Markets rise on interrupted shutdown
US markets are gaining this morning after the government reached a last-minute deal to avert a shutdown – but with the same brinksmanship likely to play out again in less than eight weeks, we’re not sure how long the momentum can last. Equity futures are rising ahead of the open, Treasury yields are pushing toward Friday’s highs, and the dollar is climbing against its major Asian and European rivals. In a surprising and confusing late-Saturday development, House Speaker Kevin McCarthy – who had for weeks refused to consider a similar bipartisan measure crafted in the Senate – agreed to table...