Bond Report: Treasury yields remain higher after private-sector payrolls peek

U.S. Treasury yields held their ground on Wednesday as a report on private-sector employment, which all but matched expectations, failed to inspire fresh moves in government bonds.

The yield on the benchmark 10-year U.S. Treasury note TMUBMUSD10Y, -0.16% was off 0.4 basis point at 2.249%, while the 2-year note yield TMUBMUSD02Y, +1.18% was flat at 1.343%. The yield on the 30-year U.S. Treasury bond TMUBMUSD30Y, -0.61% or long bond, was off 1.5 basis points at 2.839%. Yields rise as debt prices fall.

Payroll processor ADP said private-sector employers added 178,000 new jobs in July, which mostly matched Wall Street expectations.

>>> Original Source <<<