The yield on US Treasury bonds has fallen due to weak labor market signals released by ADP.

The US Treasury yields fell during the Asian trading session, after payroll services company ADP estimated that the private sector cut an average of 11,250 jobs per week in the four weeks ending on October 25. Kristoffer Kjaer Lomholt of Danske Bank stated in a report, "With the US federal government expected to reopen in a matter of days, delayed economic data will eventually be released, possibly providing a clearer picture of the US economy before the December Federal Open Market Committee meeting." Investors will focus on speeches by Fed officials and the $42 billion auction of 10-year Treasury notes by the US Treasury Department. According to Tradeweb data, the yield on 2-year US Treasuries fell by 2.7 basis points to 3.563%, while the yield on 10-year US Treasuries dropped by 2.3 basis points to 4.086%.