Core Viewpoint - US Treasury bonds mostly rose on Wednesday despite busy corporate new debt issuance, driven by weaker-than-expected ADP private sector employment data, which supported bond strength [1][2]. Group 1: Treasury Yield Movements - Long-term yields fell by nearly 5 basis points, while short-term yields remained unchanged, leading to a narrowing of the yield spreads between 2-year/10-year and 5-year/30-year bonds by approximately 4 basis points and 3 basis points, respectively [1][2]. - As of 3:30 PM Eastern Time, the yields were reported as follows: 2-year at 3.4653%, 5-year at 3.6924%, 10-year at 4.1377%, and 30-year at 4.8182% [3]. Group 2: Employment Data Impact - The ADP employment data for December showed an increase of 41,000 jobs in the private sector, which was below the expected increase of 50,000 jobs, contributing to the rise in Treasury futures [1][2]. Group 3: Corporate Debt Issuance - The total amount of new corporate debt issuance this week reached a non-pandemic high, with 11 issuers collectively raising $16.35 billion in new investment-grade bonds [1][2].
美国债市：ADP就业数据疲软推动国债大多走高 收益率曲线走平
Xin Lang Cai Jing·2026-01-07 21:36