The employment report data was stronger than expected, and US bond yields rose. Analysts said the data raised the possibility that the Federal Reserve would raise short-term interest rates at the next meeting. The 2-year US Treasury yield usually fluctuates according to traders' expectations of the central bank's short-term interest rate. Before the data was released, it was about 4.34%, and the latest transaction was around 4.4%. The 10-year US Treasury yield climbed to around 4.792% from 4.75% before the report was released.

Zhitongcaijing · 1d ago
The employment report data was stronger than expected, and US bond yields rose. Analysts said the data raised the possibility that the Federal Reserve would raise short-term interest rates at the next meeting. The 2-year US Treasury yield usually fluctuates according to traders' expectations of the central bank's short-term interest rate. Before the data was released, it was about 4.34%, and the latest transaction was around 4.4%. The 10-year US Treasury yield climbed to around 4.792% from 4.75% before the report was released.