Treasury Yields Slide, Stock Futures Hold Lower After ADP Report

Bonds rallied and stocks stayed steadily lower after ADP reported a contraction in private sector jobs in September.

The yield on the 2-year Treasury note fell to 3.56%. The 10-year yield was down to 4.1%. Yields fell sharply in the wake of the report as bond prices rose.

Dow futures were down 0.3%, while S&P 500 and Nasdaq 100 futures were down 0.5% prior to the report and holding steadily lower.