TREASURIES-Ten-year yields hit three-month lows, concerns for weak jobs report

Yields have tumbled as data increasingly points to a slowing U.S. economy and following dovish comments by some Federal Reserve officials who believe inflation will continue to fall closer to the Fed's 2% target. The drop in longer-dated yields to current levels suggests that "this bond market is expecting a weak payrolls number," said Padhraic Garvey, regional head of research, Americas, at ING. Private payrolls rose by 103,000 jobs last month, the ADP National Employment Report showed on Wednesday, below forecasts for 130,000 in jobs gains, though ADP's data do not necessarily correlate to government payrolls figures.