MW: Treasurys stay down after ADP says job losses jumped
NEW YORK (MarketWatch) -- Treasurys remained down Wednesday, with yields higher, after ADP Employment Services said that companies slashed 697,000 jobs in February. Ten-year note yields jumped 11 basis points to 2.99%. The report comes two days before the government's closely-watched monthly payrolls report. Bonds were lower earlier as overseas equities gained and U.S. futures pointed higher. Still to come are reports on the health of the service sector and the Federal Reserve's beige book, a a study of the state of the economy.
