INSTANT VIEW-US private payrolls fall in September

NEW YORK, Oct 1 (Reuters) – U.S. private payrolls in September, suggesting a weakening in labor market conditions. Private employment fell by 32,000 jobs last month after a downwardly revised 3,000 decrease in August, the ADP National Employment Report showed on Thursday. Economists polled by Reuters had forecast private employment increasing 50,000 following a previously reported 54,000 advance in August. In the absence of data from government agencies due to the current shutdown, investors may have to put a greater reliance on alternative data sources such as ADP. MARKET REACTION: STOCKS: S&P E-minis briefly extended declines and were last 26.5 points, or 0.39%. BONDS: Treasury yields fell, with the yield on the benchmark U.S. 10-year note down 3.8 basis points to 4.112% and the two-year