According to Wallstreetcn, U.S. 10-year Treasury yields declined by 1 basis point to 4.7881% on Wednesday, September 2, after a V-shaped reversal around the ADP employment report released at 20:15 UTC+8. The session saw yields trading between 4.8162% and 4.7660% during the day.

The two-year note yield fell 2.48 basis points to 4.731%, briefly hitting a daily low of 4.3586% at 20:21 UTC+8.

The 30-year bond yield dropped 1.27 basis points to 5.2603%.

The 2/10-year yield spread rose 1.866 basis points to +41.080 basis points.

10-year TIPS yields were little changed at 2.4375%, while 2-year TIPS yields rose 0.17 basis points to 1.9244% and 30-year TIPS yields fell 1.43 basis points to 2.9864%.