Investors in the bond and stock markets marked time Wednesday, while watching last-minute maneuvers to get the federal budget passed.

Interest rates rose across the board, with the 30-year bond yielding 6.55% Wednesday afternoon up from a record low 6.52% on Tuesday. The 10-year note yield was 5.86% Wednesday afternoon, compared with 5.80% on Tuesday. Traders are looking ahead to Friday's key July employment report, which is expected to show a rise of 174,000 in nonfarm jobs.

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