US Treasury bonds fell, and the unexpected sharp acceleration in US employment growth prompted traders to increase their bets that the Federal Reserve would raise interest rates at the December meeting. Treasury yields of various maturities rose. Among them, two-year treasury yields, which are more sensitive to the prospects of the Federal Reserve's interest rate path, once rose 7 basis points to 4.54%. The 10-year Treasury yield rose 4 basis points to 4.87%. According to the data, the US added 165,000 new jobs in October, higher than expected. Traders maintain expectations for further interest rate hikes by the Federal Reserve, and the probability that the market will include a 25 basis point rate hike next month is 70%. Overall, the market expects the Federal Reserve to raise interest rates by at least another 40 basis points by the end of September 2027.

US Treasury bonds fell, and the unexpected sharp acceleration in US employment growth prompted traders to increase their bets that the Federal Reserve would raise interest rates at the December meeting. Treasury yields of various maturities rose. Among them, two-year treasury yields, which are more sensitive to the prospects of the Federal Reserve's interest rate path, once rose 7 basis points to 4.54%. The 10-year Treasury yield rose 4 basis points to 4.87%. According to the data, the US added 165,000 new jobs in October, higher than expected. Traders maintain expectations for further interest rate hikes by the Federal Reserve, and the probability that the market will include a 25 basis point rate hike next month is 70%. Overall, the market expects the Federal Reserve to raise interest rates by at least another 40 basis points by the end of September 2027.