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TREASURIES-U.S. debt prices turn negative after ADP report
NEW YORK |
NEW YORK Jan 5 (Reuters) - Prices of U.S. Treasury securities fell on Wednesday, giving back earlier gains, after a measure of private sector employment showed a much larger-than-expected increase in jobs.
The latest ADP National Employment data indicated a rise of 297,000 private-sector jobs in December. Analysts polled by Reuters forecast an increase of only 100,000.
The benchmark 10-year Treasury note US10YT=RR fell 12/32 in price to yield 3.38 percent, up from 3.33 percent late on Tuesday. The 30-year Treasury bond US30YT=RR gave up 17/32 in price to yield 4.46 percent, up from 4.42 percent at Tuesday's close. (Reporting by Emily Flitter; editing by Jeffrey Benkoe)
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