The policy-sensitive 2-year Treasury yield rose for a fifth straight session on Thursday, finishing at its highest since March, after data showed the U.S. private sector added more than twice as many jobs as expected for last month.
What happened
What drove markets
In data released on Thursday, ADP’s employment report showed that the U.S. private sector added 497,000 jobs in June for the biggest increase since July 2022. The median forecast of economists polled by The Wall Street Journal was for a gain of…
