Companies unexpectedly cut 301,000 jobs in January as omicron slams jobs market, ADP says

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2. This was CNBC's placeholder article, updated earlier this morning.

BONDS

Treasury yields fall as investor focus turns to ADP employment report

PUBLISHED WED, FEB 2 2022 4:02 AM EST | UPDATED 3 HOURS AGO
Vicky McKeever
@VMCKEEVERCNBC https://twitter.com/VMcKeeverCNBC

PUBLISHED WED, FEB 2 2022 4:02 AM EST | UPDATED 37 MIN AGO
Tanaya Macheel
@TANAYAMAC https://twitter.com/tanayamac
Vicky McKeever
@VMCKEEVERCNBC https://twitter.com/VMcKeeverCNBC


KEY POINTS
-- Private payroll services firm ADP is set to release its January employment change report at 8:15 a.m. ET.
-- Economists polled by Dow Jones are expecting 200,000 private jobs were added in January, down from December’s growth of 807,000 private payrolls.

U.S. Treasury yields fell early on Wednesday, with investor attention turning to ADP’s latest employment report, due out later in the morning.

The yield on the benchmark 10-year Treasury note dipped 2 basis points lower to 1.7769% at 3:45 a.m. ET. The yield on the 30-year Treasury bond moved 2 basis points lower to 2.0988%. Yields move inversely to prices and 1 basis point is equal to 0.01%.

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