Long-term Treasury yields were up Wednesday morning, as investors weighed a decline in initial jobless claims and an ADP report on U.S. employment that was softer than anticipated.
The yield on the 10-year Treasury note was up about one basis point on Wednesday morning at around 4.69%, while the 30-year Treasury yield rose about two basis points to around 4.93%, according to FactSet data, at last check. Among shorter-term yields, the two-year Treasury yield was down about two basis points Wednesday morning at around 4.27%.
Initial jobless claims fell 10,000 to 201,000 in the week ended Jan. 4, according to a report Wednesday from the Department of Labor, released at 8:30 a.m. Eastern time. Economists polled by The Wall Street Journal had forecast that claims would rise slightly to 215,000.
Companies added 122,000 jobs in the U.S. in December, as hiring slowed, according to a report Wednesday at 8:15 a.m. Eastern time from payroll services company ADP. That’s less than the total 136,000 forecast by economists polled by The Wall Street Journal.