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Treasurys rise after ADP payrolls report
NEW YORK (MarketWatch) -- Treasury prices extended gains Wednesday after Automatic Data Processing Inc.said the U.S. private sector added 175,000 jobs in January. Economists polled by MarketWatch had expected 189,000 jobs. After the data, the benchmark 10-year note yield, which falls as prices rise, was down 2 basis points on he day at 2.602%. The 30-year bond yield fell a basis point to 3.583%, and the 5-year note yield fell 3 basis points to 1.430%. The Institute for Supply Management will release its nonmanufacturing report at 10 a.m. Eastern.
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