Nonfarm payroll data did not put pressure on rate cuts, U.S. Treasury yields fell instead of rising

Odaily Odaily News: Despite higher-than-expected U.S. nonfarm employment growth and former President Trump downplaying renewed tensions with Iran as "a small matter," U.S. Treasury yields still declined. The unemployment rate remained flat at 4.3%, posing no pressure on the Federal Reserve to cut interest rates. However, wage growth came in below expectations, moving in the opposite direction to employment data, potentially easing inflationary pressures. This trend continued following the data release. The 10-year U.S. Treasury yield stood at 4.374%, lower than yesterday's 4.393%; the 2-year Treasury yield fell from 3.918% to 3.899%. (Jin Shi)