Yields, Dollar Jump On Giant ADP Beat

Well, that escalated quickly…

ADP says U.S. firms added 246k jobs in Jan.
246k jobs vs. est. 168k (range 140k to 204k) from 39 economists.
Dec. revised by -2k to 151k from 153k as reported last month.
Small firms (1-49) added 62k jobs in Jan.
Medium firms (50-499) added 102k jobs in Jan.
Firms with over 500 employees added 83k jobs
Treasuries fall to session lows after January ADP Employment
The dollar gained after ADP employment report was stronger than expected;
The Bloomberg dollar index stayed within the day’s range, though USD scored fresh highs vs EUR and JPY.

yields