U.S. Treasury yields climbed on Wednesday morning, ahead of the release of private payroll data for April.
The yield on the benchmark 10-year Treasury note rose to 1.605% at 4 a.m. ET. The yield on the 30-year Treasury bond advanced to 2.278%. Yields move inversely to prices.
April’s ADP Employment Change data, which tracks the growth of private payrolls, is due to be published at 8:15 a.m. ET on Wednesday.
Economists polled by Dow Jones are expecting 800,000 private jobs added in April, compared to the 517,000 in March, according to ADP. These numbers come ahead of Friday’s closely-watched jobs report.
The final Markit purchasing managers’ index (PMI) for April is set to be released at 9:45 a.m. ET, followed by the ISM non-manufacturing PMI for last month at 10 a.m. ET.
An auction is due to be held Wednesday for $35 billion of 119-day bills.
— CNBC’s Maggie Fitzgerald contributed to this report.
