NEW YORK (AP) -- Treasury prices rose Wednesday as investors prepared for another downbeat reading on the U.S. job market.On Thursday, ahead of the July 4th holiday, the Labor Department is scheduled to report on job creation and the unemployment rate in June. The bond market has long been anticipating the report to show the sixth straight month of job losses -- and a reading on the private sector bolstered that prediction on Wednesday.
The ADP National Employment Report said private sector employment fell by 79,000 jobs last month.
The dim job market outlook added to worries about the financial health of consumers, who account for about two-thirds of the economy. Americans have been slammed by record oil prices, which continued to trek higher on Wednesday.
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