May 2nd news, according to Jin10 reports, stronger-than-expected U.S. employment data indicates that tariff uncertainty has not yet caused a substantial impact on the U.S. job market, prompting traders to reduce bets on Federal Reserve rate cuts, followed by a decline in U.S. Treasury bonds. After non-farm payrolls increased by 177,000, the two-year Treasury yield rose by 7 basis points to 3.77%. Traders reduced their bets on Federal Reserve rate cuts, expecting an overall rate cut of about 85 basis points this year, compared to the pre-report expectation of around 90 basis points.
Strong U.S. Job Market Leads to Reduced Bets on Fed Rate Cuts
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PANews2025/05/02 13:15
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