On October 22, data reported that bond traders are preparing for a further fall in U.S. Treasury yields, despite the 30-year Treasury yield falling to its lowest point in six months on Tuesday. Data shows that the cost of options betting on a significant drop in yields is rising rapidly. With the U.S. government shutdown about to become the second longest in history, coupled with renewed concerns about the credit market and escalating trade tensions, traders are flocking to high-quality safe-haven assets. The rise in the U.S. Treasury market is pushing the entire yield curve lower. Citigroup strategist David Bieber wrote, "In terms of position, the tactical deployment is clear - go long on everything, as the market is quickly chasing the appreciation trend of U.S. bonds."