Treasury yields climb ahead of ADP employment report

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Treasury yields climb ahead of ADP employment report
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U.S. Treasury yields climbed on Wednesday morning, ahead of the release of ADP's August national employment report.

Investors will be looking at both reports closely, along with weekly jobless claims data, due to the fact that the Federal Reserve is monitoring the labor market recovery to gauge when it should tighten monetary policy.

Markit's final manufacturing purchasing managers' index reading for August is set to be released at 9:45 a.m. ET. ISM's manufacturing PMI for August is then due to be released at 10 a.m. ET.

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