US yields hit session highs after ADP jobs data

NEW YORK: US Treasuries yields rose to session highs early Wednesday as a stronger-than-forecast rise in a measure of private US jobs growth rekindled bets the Federal Reserve would raise interest rates later this year.

Payrolls processor ADP said US private employers added 237,000 jobs in June, the biggest gain since December, beating the 218,000 increase projected by analysts polled by Reuters.

Benchmark 10-year Treasuries notes were 25/32 lower in price with a yield of 2.426 percent, down 9 basis points from late on Tuesday.