Pedestrians pass the bronze Charging Bull sculpture next to Wall Street in the Financial District on October 10, 2013 in New York City. - 

It's an odd day for financial markets, with the bond market closed for Columbus Day. But the stock market is open and with no clear path toward re-opening closed parts of the federal government or averting an impact with the federal debt ceiling, the mood is subdued on stock markets.

For a traffic report on the Washington gridlock, Marketplace Morning Report turns to Stan Collendar, a former House and Senate budget committee staffer who writes about the federal budget -- even when the global financial system may not be at stake.

Follow David Brancaccio at @DavidBrancaccio