socialmedian: Treasurys fall after ADP jobs data

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Treasurys fall after ADP jobs data

Source: Wall Street Journal

Nov 04, 2009

Summary

NEW YORK (MarketWatch) -- Treasury prices declined on Wednesday, pushing yields up, after ADP Employment Services said private employers cut 203,000 jobs in October, after a revised 227,000 in September that was fewer than initially reported. Last month's tally was close to what some analysts forecast. Yields on 10-year notes rose 6 basis points to 3.53%. Still to come during the session is the Institute for Supply Management's report on the non-manufacturing sector, the Treasury Department's announcement of how much in debt it will sell next week, and the end of the Federal Reserve's policy meeting.

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