TREASURIES-Bonds rise after unexpectedly weak ADP data
NEW YORK, Aug 1 (Reuters) - U.S. Treasury debt prices rose briefly on Wednesday after data showed that labor growth in the private sector was weaker-than-expected in July, suggesting a slowdown in overall economic growth.
The ADP National Employment Report showed U.S. private employers added 48,000 jobs in July, compared with a Reuters' median consensus of a 100,000 increase.
The benchmark 10-year Treasury note <US10YT=RR>_were down 1/32 in price after rising as much 3/32 after the ADP data. Its yield briefly touched 4.73 percent versus a 4.74 percent yield late Tuesday. Bond prices and yields move inversely.
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