SINGAPORE: US 10-year Treasuries edged higher in Asia on Thursday, but their gains were limited after better-than-expected private sector jobs data the previous day provided a hopeful sign for the US economy.
Ten-year Treasuries edged up about 1/32 in price to yield 1.934 percent. The 10-year yield was not very far from Wednesday's peak of 1.944 percent, its highest level in more than a week.
Trading volumes were light in Asia with investors focusing on Friday's nonfarm payrolls data, said a trader for a European brokerage house in Tokyo.
"As a whole, I don't feel like there's a huge amount of investors anxious to move positions around before this number," the trader said.
"Volumes remain very, very subdued in Asia," he added.
Private employers added 198,000 jobs to payrolls last month, the ADP National Employment Report showed on Wednesday, handily beating economists' expectations.
The report bolstered hopes that Friday's non-farm payrolls data could show relatively solid jobs growth, denting Treasuries on Wednesday.
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