Bond Report: Treasury yields rebound after upbeat ADP payrolls numbers

Treasury yields recovered Thursday after a strong reading on private-sector jobs growth that came a day ahead of the more closely-watched non-farm payrolls numbers .

The yield on the 10-year Treasury note TMUBMUSD10Y, +0.95% added 2.5 basis points to 2.230%, after falling to 2.198% in Wednesday’s session, the second lowest yield in a year. Bond prices move inversely to yields; one basis point is one hundredth of a percentage point.

The yield for the 2-year note TMUBMUSD02Y, +0.00% gained 1.2 basis point to 1.298%, while the yield for the 30-year bond, or the long bond, TMUBMUSD30Y, +0.71% added 1.7 basis point to 2.880%.

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