SINGAPORE, Nov 12 (Reuters) - U.S. government bonds

rallied in early Asia trade on Wednesday after a private survey

pointed to weakness in the labour market, raising investor

expectations for further interest rate cuts.

Benchmark 10-year yields were down 3.1 basis

points at 4.0791%, according to data compiled by LSEG. Two-year

yields fell 3.1 to 3.5596%.

The Treasury market had been closed on Tuesday for Veterans

Day. Yields fall when bond prices rise.

U.S. firms were shedding more than 11,000 jobs a week

through late October, payroll processor ADP said on Tuesday in

its latest real-time estimate of job market trends.

"Any further labour market weakness could push the Fed to

increase its rate cuts," said analysts at ANZ Bank.

Expectations for a cut as soon as December firmed very

slightly overnight, according to CME's FedWatch tool.

Policymakers and investors have been flying blind for a few

weeks as the U.S. government shutdown has halted data

publication. Congress is moving toward approving a reopening

deal and investors expect that September payrolls may be among

the first sets of delayed data to be published.