NEW YORK (MarketWatch) -- Treasurys pared losses Wednesday after a private report said the companies cut more jobs than expected in October. Ten-year note yields were little changed at 3.74%, after being as high as 3.81% in earlier trading. ADP said 157,000 jobs were lost last month. Economists surveyed by MarketWatch expected ADP to say 133,000 jobs were lost. The report comes two days before the government's closely-watched employment report. An index on the health of non-manufacturing businesses is also due out. U.S. debt may remain under pressure before the Treasury Department announces how much in 10-year notes, 30-year bonds, and maybe three-year notes, it will issue next week. Investors are bracing for record amounts of debt sales, which push yields up and make holding existing debt less appealing.
