Treasuries Advance on Weak Jobs Growth, Trade Deficit
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Treasuries advanced for the first time in five days as a private report showed U.S. companies added fewer jobs than forecast in May and the trade deficit in April ballooned to the widest in two years.
Benchmark 10-year yields declined from a three-week high after ADP Research Institute said U.S. employers added 179,000 workers to their payrolls in May, below the 210,000 forecast. The trade gap grew by 6.9 percent, Commerce Department figures showed. U.S. debt was supported before a European Central Bank policy decision tomorrow amid speculation policy makers are considering a package of stimulus measures.