TREASURIES-U.S. bond prices add gains after ADP jobs data

NEW YORK Wed Oct 30, 2013 8:27am EDT

Related Topics

NEW YORK Oct 30 (Reuters) - U.S. Treasuries prices added modest gains early Wednesday after data showed private jobs grew at a slower than expected pace in October, boosting views that the Federal Reserve might stick to its bond-purchase stimulus program well into 2014.

The ADP National Employment Report showed U.S. companies hired 130,000 workers in October, fewer than the 150,000 forecast by economists polled by Reuters. The September figure was downgraded to 145,000 from the originally reported 166,000.

Benchmark 10-year U.S. Treasury notes last traded 4/32 higher in price to yield 2.494 percent, down 1 basis point from late on Tuesday.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

How to get out of debt

Financial adviser Eric Brotman offers strategies for cutting debt from student loans and elder care -- and how to avoid money woes in the first place.  Video