Private payrolls report sends US bond yields flying

03 October 2018

 

The ADP National Employment Report is published monthly by the ADP Research Institute. The report provides an estimate of US non-farm private employment based on actual payroll data. Since the report began to be published in 2006, its total private sector non-farm employment figures have exhibited a high correlation with BLS NFP employment figures. It is for this very reason bond yields ran hard after the August figures were released....

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