Treasury 10-Year Yields Fall Below 3% for First Time This Year
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Treasuries rose, pushing 10-year note yields below 3 percent for the first time in 2011 after ADP Employer Services reported that U.S. companies added fewer jobs in May than economists forecast.
Yields dropped last month the most since August 2010 before the Labor Department’s payrolls report this week, which is forecast to show hiring slowed. U.S. manufacturing expanded at the slowest pace in seven months, a report today is forecast by economists to show.