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U.S. Treasuries widen losses after ADP report
NEW YORK, July 31 |
NEW YORK, July 31 (Reuters) - U.S. Treasuries widened losses on Wednesday after a stronger-than-expected report on U.S. private-sector employment.
A report from payrolls processor ADP said private employers added 200,000 jobs in July, topping economists' expectations. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 180,000 jobs. June's private payrolls were revised up to an increase of 198,000 from the previously reported 188,000.
The benchmark 10-year Treasury note <US10YT=RR, down 7/32 before the report, was down 16/32 afterwards. Its yield rose to 2.67 percent.
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