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TREASURIES-Bonds rise after unexpectedly weak ADP data

Wed Aug 1, 2007 8:24am EDT

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.

Bonds

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.

Bonds


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