U.S. Treasury yields rose slightly on Wednesday morning, ahead of the release of employment data for July.
advanced less than a basis point to 1.854%. Yields move inversely to prices and one basis point equals 0.01%.ADP's July employment change data, which shows the number of private payrolls added in the U.S. each month, is due to be released at 8:45 a.m. ET.
This comes ahead of weekly jobless claims data due out on Thursday and the highly anticipated July nonfarm payroll report, set to be released on Friday. Investors will be watching this week's employment data closely, given that the Federal Reserve is using the recovery in the jobs market as a key indicator to gauge when it should start discussing tightening its ultra-easy monetary policy.
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