Bond Report: Treasury yields climb after upbeat service-sector data

Treasury yields climbed Wednesday, advancing for a fourth straight session after an upbeat report showed service-sector growth picking up pace last month.

According to a government report, the services sector accelerated in September to the fastest level in 11 months while the employment component grew sharply.

While a report on private-sector jobs growth came in slightly below expectations, investors will wait for the official monthly employment report, due Friday, to gauge the health of the labor market.

The benchmark 10-year U.S. Treasury note yield TMUBMUSD10Y, +1.08% rose to its highest level in three weeks, advancing 3.5 basis points to 1.718.

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