ADP revisions slash job gains

|By:, SA News Editor

With the big BLS employment report not happening on Friday unless the government shutdown is soon settled, we'll have to have this week's fun with the ADP print.

The headline 166K job gain missed by 14K, but August's 176K gain was revised down to 159K, and July's 198K gain was revised down to 161K. That's a total of 54K jobs eliminated.

Treasurys are liking the numbers, with 10-year popping more than a third of a point on the release, and the yield falling to 2.60%.

TLT +0.5%, TBT -0.9% premarket.

Full report.

Treasury ETFs: TLH, TLT, IEF, DTYL, DLBL, ILTB, TENZ, ITE, TLO, EDV, VGIT, VGLT, TMF, TYD, LBND, UBT, UST, TMV, TYO, DSTJ, DSXJ, SBND, PST, TBT, DTYS, DLBS, TBF, TTT, TYNS, TYBS, TBX.