Prices turn negative after ADP private payrolls data

Thursday, 03 January 2013 19:06

Posted by Shoaib-ur-Rehman Siddiqui

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NEW YORK: US Treasury debt prices turned negative on Thursday after the ADP National Employment Report showed private sector employers added more jobs than expected in December, which undermined the safe-haven appeal of US government debt.

Benchmark 10-year Treasury notes were trading 3/32 lower in price to yield 1.85 percent, up from 1.84 percent late Wednesday, while 30-year bonds were 4/32 lower to yield 3.05 percent, up from 3.04 percent late Wednesday.

Center>Copyright Reuters, 2013