U.S. Treasury yields edge lower as market focuses on ADP employment and ISM services data

Odaily Planet Daily News: U.S. Treasury yields edged lower during the afternoon trading session in Asia as investors adopted a cautious stance ahead of the ADP employment and ISM services data releases. Michael Brown, an analyst at Pepperstone, stated in a report: “While services PMI data are almost everywhere, last month’s U.S. ISM survey will command most of participants’ attention, especially after Monday’s disappointing ISM manufacturing reading.” According to Tradeweb data, the two-year Treasury yield fell by 1.6 basis points to 3.499%, while the ten-year Treasury yield declined by 0.9 basis points to 4.078%. (Jinshi)