6 May 2015
Ten-year treasury yield rises to 7-week high ahead of ADP report
FXStreet (Mumbai) - The ten-year treasury yield in the US rose to a seven-week high of 2.231%, ahead of the ADP data in the US, which could show the private sector job growth accelerated in April.
The yield currently trades at 2.207%, up 3.1 basis points for the day. The ADP report is likely to show the private sector added 200K jobs in April, compared to 189K in March. The ADP report would be followed by Friday’s April Non-farm payrolls report which is expected to show the US economy added 213K jobs compared to 126K additions seen in March.
The rise in the yield could also be attributed to the recovery seen in Crude prices, coupled with a sharp rise in the German debt yield.
The yield currently trades at 2.207%, up 3.1 basis points for the day. The ADP report is likely to show the private sector added 200K jobs in April, compared to 189K in March. The ADP report would be followed by Friday’s April Non-farm payrolls report which is expected to show the US economy added 213K jobs compared to 126K additions seen in March.
The rise in the yield could also be attributed to the recovery seen in Crude prices, coupled with a sharp rise in the German debt yield.