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Analyst John Herrmann at State St. says, as mkt gears up for Friday's NFP, "the last time ADP shocked markets with an outlier month-on-month gain, a +264k mom gain in November 2005, private non-farm payrolls did jump an astonishing +304k." He looks for +192k private payrolls and says his strategic view is "higher Treasury yields over the balance of 2011."
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