Treasury Yields Climb to 11-Week High as ADP Spurs Jobs Optimism

Treasuries slid, pushing 10-year yields to the highest level since September, as industry data showed job growth accelerated more than forecast, adding to bets the Federal Reserve may reduce bond purchases this month.

The difference in yields on two- and 10-year notes approached the widest level since July 2011 as the ADP Research Institute said companies in the U.S. boosted payrolls in November by the most in a year. The Labor Department will report Dec. 6 that U.S. nonfarm payrolls grew last month, a Bloomberg survey forecast. Fed policy makers meet Dec. 17-18.