http://www.marketwatch.com/story/treasurys-rise-as-jobs-data-disappoints-2009-09-02
By Nick Godt, MarketWatch
NEW YORK (MarketWatch) -- Treasurys rose slightly on Wednesday, sending yields lower, after a report that showed a bigger-than-expected drop in private-sector jobs pressured equities and sent investors seeking the relative safety of government bonds.
Yields on the benchmark 10-year Treasury note /quotes/comstock/31*!ust10y (UST10Y 3.35, -0.01, -0.30%) , which move inversely to price, fell 2 basis points to 3.347%.
On Wall Street, stocks fell slightly after ADP said employment in the U.S. private sector fell by 298,000 in August.
The drop suggests nonfarm payrolls may sink by more than the 250,000 anticipated by economists ahead of the government's much-anticipated report due out Friday morning. See full story.
More at link...
By Nick Godt, MarketWatch
NEW YORK (MarketWatch) -- Treasurys rose slightly on Wednesday, sending yields lower, after a report that showed a bigger-than-expected drop in private-sector jobs pressured equities and sent investors seeking the relative safety of government bonds.
Yields on the benchmark 10-year Treasury note /quotes/comstock/31*!ust10y (UST10Y 3.35, -0.01, -0.30%) , which move inversely to price, fell 2 basis points to 3.347%.
On Wall Street, stocks fell slightly after ADP said employment in the U.S. private sector fell by 298,000 in August.
The drop suggests nonfarm payrolls may sink by more than the 250,000 anticipated by economists ahead of the government's much-anticipated report due out Friday morning. See full story.
More at link...