Treasury Prices Fall
Treasuries fell, pressured by a big increase in the ADP employment report that drove speculation of strong November payrolls data to be released this Friday. 10-year note fell 07/32 to 102-22/32 for a yield of 4.92%. 30-year bond tumbled 24/32 to 109-27/32 for a yield of 4.40%. Stock market strength contributed to a bearish backdrop for bonds. Elsewhere today, oil and gold futures closed down amid strength in the dollar.