Treasuries on the move after ADP estimates

Traders are beginning to position themselves ahead of Friday's employment report and if the ADP's estimates have any merit the news could be slightly bullish. The question of whether or not gains will be sustainable is yet to be answered. While ADP's predictions got off to a rocky start, they are getting progressively more accurate. This time around they are guessing that the U.S. economy has lost nearly 300,000 jobs despite analyst expectations for closer to 250,000. Today's productivity and