TechFlow, May 2 — According to Jinshi News, stronger-than-expected U.S. employment data showed that uncertainty over tariffs has not yet substantially impacted the U.S. labor market, prompting traders to reduce bets on Federal Reserve rate cuts, followed by a decline in U.S. Treasury prices.
After nonfarm payrolls increased by 177,000, two-year Treasury yields rose 7 basis points to 3.77%. Traders pared down their Fed rate cut expectations, now anticipating about 85 basis points of total easing this year, down from prior expectations of around 90 basis points before the report.
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