The US job market is strong, and the market is reducing its bet on the Federal Reserve cutting interest rates

According to Jin Shi, the stronger than expected US employment data showed that tariff uncertainty had not yet caused a substantial blow to the US employment market, prompting traders to reduce the US Federal Reserve's interest rate cut bet, and then US treasury bond bonds fell. After the number of non-agricultural employment increased by 177000, the yield of two-year treasury bond rose by 7 basis points to 3.77%. Traders are reducing their bets on the Federal Reserve cutting interest rates, with an overall expected rate cut of around 85 basis points this year, compared to the pre report expectation of around 90 basis points.