TREASURIES-Inch up in Asia, upcoming data curbs gains

TOKYO, Dec 2 (BestGrowthStock) – U.S. Treasuries inched up in Asia
on Thursday, taking a breather after the previous day’s slide,
although wariness ahead of weekly jobless claims data released
later in the day curbed gains.

* Caution towards employment-related indicators is running
high after Wednesday’s ADP Employment Services data showed that
U.S. private sector payrolls rose by the most in three years in
November. [ID:nN01127417]

* The market will look to weekly initial jobless claims due
later on Thursday for what they mean for the closely-watched
November non-farm payrolls to be released on Friday.

* The benchmark 10-year note yield could poke above the 3
percent threshold for the first time in more than four months if
the jobs numbers points to an improving labour market.

* Investors warming again to risk assets such as stocks in
light of efforts in the euro zone to resolve its debt crisis
also dented demand for government debt. The MSCI index of Asian
stocks outside Japan gained 1 percent [.MIAPJ0000PUS] and
Tokyo’s Nikkei (.N225: ) soared 1.8 percent after hitting a fresh
five-month high.

* The 30-year bond (US30YT=RR: ) rose 5/32 in price to yield
4.230 percent, down about 1 basis point from late U.S. trade on

* The benchmark 10-year note (US10YT=RR: ) gained 3/32 in
price to yield 2.961 percent, a decline of 1 basis point.
(Reporting by Shinichi Saoshiro; Editing by Joseph Radford)

TREASURIES-Inch up in Asia, upcoming data curbs gains