Mumbai, June 5 -- Labour market cues are weighing on the US treasury market. The 10-year US treasury yield dipped to a four-week low of 4.36% as payroll processor ADP released a report showing a tepid reading for private sector job growth in the month of May. ADP said private sector employment rose by 37,000 jobs in May after climbing by a downwardly revised 60,000 jobs in April. This was the lowest level in around two years and set up the debt markets for further volatility as investors waited for the weekly jobless claims today and the closely watched monthly nonfarm jobs report on Friday.

Published by HT Digital Content Services with permission from Capital Market....