Strong Non-Farm Payroll Data Weakens Fed Rate Cut Expectations

According to a report by Jinse Finance, on May 8, interest rate strategist Ira Jersey commented that stronger-than-expected non-farm payroll data highlights that the U.S. is still far from a recession, making it unlikely for the Federal Reserve to opt for a rate cut under such circumstances. Considering that the interest rate market has largely ruled out expectations of a rate cut, U.S. Treasury yields are not expected to experience significant fluctuations. (Jin10)