Traders bet on a cumulative 44 basis point rate cut by the Federal Reserve before the end of the year

US treasury bond bonds rose due to the disappointing performance of the employment report, boosting the market's expectation of the Federal Reserve's interest rate cut this year. The yield of 10-year treasury bond fell by 3 basis points to 4.1%, and the yield of two-year treasury bond fell by 5 basis points to 3.53%. According to interest rate swap data, traders are betting that the Federal Reserve will cumulatively cut interest rates by 44 basis points until December, compared to an expected 35 basis points before the report was released.