U.S Yields Fall After Disappointing ADP

U.S. Treasury debt yields slid on Thursday after data showed the U.S. economy created fewer private sector jobs in December than market expectations.

The ADP National Employment Report indicated that U.S. private employers added 153,000 jobs last month, below economists’ expectations for a job gain of 170,000.

In early morning trading, the U.S. 10-year note was up 5/32 in price to yield 2.433 percent, compared with 2.452 percent late on Wednesday.

U.S. 30-year bond prices were up 2/32, yielding 3.042 percent, down from Tuesday’s 3.048 percent.

U.S. two-year note yields were at 1.026 percent from 1.234 percent on Wednesday.

Reuters

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell