Wednesday, April 4, 2007

TREASURIES-ADP employment report lifts prices

(Reuters) - The ADP Employer Services report is seen as providing clues on the possible outcome of the March payrolls report.

"Everything is kind of coming in on expectations, maybe a touch on the softer side. Markets have been pretty short in the past couple of days. What you are seeing here is a short-covering bid. Everyone is looking at the payroll number." said Tom Tucci, Treasuries trader at RBC Capital Markets in New York.


Read more at Reuters.com Bonds News

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