U.S. Treasury Yields Fall After Weak ADP Jobs Number
U.S. Treasury yields fell after Automatic Data Processing LLC said the U.S. economy added 208,000 jobs in November, missing a consensus estimate of 225,000. The 10-year note yield dropped nearly 2 basis points to 2.280% after the data was released at 8:15 a.m. Eastern. The 30-year bond yield lost 1.5 basis points after the data to 2.994%. The two-year note yield lost 1 basis point to .540%. The five-year note lost 2 basis points to 1.585%. Yields move inversely to prices.
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