The U.S. government shutdown has postponed the release of crucial economic data, including the nonfarm payrolls and CPI report, leading to a temporary calm in the $30 trillion bond market. Traders are bracing for potential volatility once data releases resume, with the Federal Reserve's upcoming policy meeting adding to the uncertainty. The shutdown has also complicated data collection, raising concerns about the accuracy of October's economic figures. Options activity indicates traders are hedging against various potential Fed rate decisions, with some anticipating only a 25-basis-point cut this year.