June 5, 2019 / 1:07 PM / 13 days ago

TREASURIES-U.S. bond market resumes rally on dismal ADP U.S. jobs data

NEW YORK, June 5 (Reuters) - The U.S. Treasuries market resumed its recent rally on Wednesday with two-year yields hitting their lowest since December 2017 following data from ADP that showed private domestic jobs growth decelerated to its weakest level in over nine years in May.

At 8:58 a.m. (1258 GMT), the yields on two-year Treasury notes, which are sensitive to traders’ view on changes in Federal Reserve policy, were 8.60 basis points lower at 1.787%, while 10-year Treasury yields down 2.90 basis points at 2.092%, hovering above their lowest levels since September 2017. (Reporting by Richard Leong Editing by Chizu Nomiyama)

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