Treasurys rise after employment data

NEW YORK (MarketWatch) — Treasurys advanced slightly Thursday, extending this week’s gains, after two reports showed the employment picture deteriorated in August. Two-year note yields fell 2 basis points to 2.25%. ADP Employment Services said 33,000 jobs were lost last month. Separately, the Labor Department said that in the week ended Aug. 30, initial claims for unemployment benefits unexpectedly rose 15,000 to 444,000 and productivity was revised higher, to 4.3% in the second quarter. The Institute for Supply Management’s index on the non-manufacturing sector is due at 10 a.m. Eastern.
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Original post by Forextvblog

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