Treasury futures jumped and the dollar slid after private-sector employment figures from ADP Research signaled a slowing US jobs market amid the longest government shutdown on record.
With trading in cash Treasuries closed because of the Veterans Day holiday, futures on 10-year Treasury notes rallied after ADP released the weekly labor data and held gains throughout trading in New York. The move as of 2:55 p.m. in New York there implied a roughly five basis-point drop in the equivalent 10-year yield, which closed Monday at 4.12%.