TREASURIES-US Treasuries trim losses after ADP report

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NEW YORK | Wed Nov 4, 2009 8:24am EST

NEW YORK Nov 4 (Reuters) - U.S. government securities prices trimmed losses on Wednesday after a report showed more U.S. private sector job losses in October than forecast.

The ADP national employment report showed 203,000 jobs were lost in the U.S. private sector in October, more than the Reuters forecast for a loss of 190,000 jobs. Still, it was the fewest number of jobs lost reported by ADP since July 2008.

The benchmark U.S. 10-year Treasury note US10YT=RR, down 15/32 before the ADP report came out, was down 13/32 afterwards. It yielded 3.52 percent, up from 3.47 percent late on Tuesday. (Editing by W Simon)

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