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

Odaily Planet Daily News Despite U.S. nonfarm payroll growth exceeding expectations and Trump downplaying the renewed tensions with Iran as "a small matter," U.S. treasury yields still declined. The unemployment rate remained flat at 4.3%, putting no pressure on the Fed's interest rate cuts. However, wage growth fell short of expectations, moving in the opposite direction of employment data, offering potential relief for inflation. This trend continued after the data release. The 10-year U.S. treasury yield stood at 4.374%, down from 4.393% the previous day; the 2-year U.S. treasury yield fell from 3.918% to 3.899%. (Jin Shi)