Treasury bond prices dip slightly

Treasury prices fell slightly on Wednesday after stocks soared and a government report indicated the number of private sector jobs increased last month.

Early Wednesday, the ADP National Employment Report showed a 9,000 increase in July's private sector employment. The data was seen as an auspicious sign ahead of Friday's July employment report from the Labor Department. Bonds tend to sell off when economic data is positive.

Also weighing on bond prices early in the day, the Treasury Department said it will auction $17 billion in new 10-year notes and $10 billion in new 30-year bonds, increasing the supply of fixed-income investments in the market.

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