U.S. Treasury yields rise in midday European trade as markets have largely priced in a 25-basis-point interest-rate cut by the Federal Reserve next week.
Wednesday’s November U.S. ADP private payrolls report was weak and “appears to have shortened the odds of the Fed delivering the now widely expected 25 basis-point rate reduction next week,” First Abu Dhabi Bank analysts say in a note.
The 10-year Treasury yield rises 2.1 basis points to 4.079%, according to Tradeweb.
