Odaily News The U.S. added 272,000 jobs in May, far higher than the 190,000 jobs surveyed by the Wall Street Journal and far higher than the downwardly revised 165,000 jobs in April. However, the unemployment rate rose from 3.9% to 4%. Overall, the non-farm data may pour cold water on recent expectations that the Federal Reserve may begin to cut interest rates this summer. U.S. Treasury yields rose sharply on this news. The 10-year Treasury yield rose to 4.427% from 4.289% shortly before the report was released. The dollar index rose 0.5% as the prospect of delayed U.S. monetary easing is likely to maintain the dollar's interest rate differential relative to other developed markets, where borrowing costs are already falling. (Jinshi)