Gilt Yields Fall, Tracking U.S. Treasurys, After Weak U.S. ADP Data -- Market Talk
Dow Jones
Oct 01
1247 GMT - Yields on U.K. government bonds fall, tracking their U.S. peers, following weak U.S. ADP private jobs data which could increase prospects of more interest-rate cuts by the Federal Reserve. The ADP data for September showed private-sector jobs fell by 32,000, significantly weaker than the consensus forecast by economists in a WSJ poll of 45,000 additional jobs. Markets price in a high chance of two more rate cuts in the U.S. by the end of 2025, LSEG data show. Ten-year gilt yields fall 2 basis points on the day following the data release, last trading at 4.686%, Tradeweb data show. Ten-year Treasury yields fall 5 basis points to 4.100%. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
October 01, 2025 08:47 ET (12:47 GMT)
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