0830 ET - Weaker-than-expected U.S. private employment numbers add downward pressure on Treasury yields. ADP says employers added 77,000 jobs last month, compared to consensus forecast of 148,000 in a Wall Street Journal survey. January figure was revised to 186,000 from 183,000. Annual pay was up 4.7% from a year earlier. Small business shed 12,000 jobs. February national payrolls are due Friday. Yields have been trending lower amid signs of economic cooling. Tariffs have added to the risk-off wave. The 10-year is at 4.223%, higher than yesterday but off early highs. The two-year is lower than yesterday, at 3.926%. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
March 05, 2025 08:30 ET (13:30 GMT)
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