Highlights
Coming at 8:15 am ET Wednesday, the US ADP monthly employment report. Expectations call for private payrolls up 48K for August after a similar 44K increase in July. The outcome will affect expectations for US nonfarm payrolls due on Friday. The Econoday consensus there looks for a gain of 55K overall and private payrolls up 53K.
Early Wednesday in US trading, the US Treasury 10-year note yield rises to 4.80 percent as global bond markets price in elevated energy prices and the prospect of higher inflation and persistent, rising borrowing.
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