Nonfarm payroll data did not put pressure on interest rate cuts, US bond yields fell instead of rising

Odaily Planet Daily News Although US nonfarm payroll growth exceeded expectations and Trump downplayed the escalating tensions with Iran as a "trivial matter," US bond yields still fell. The unemployment rate remained flat at 4.3%, posing no pressure on the Fed's interest rate cuts. However, wage growth fell short of expectations, moving in the opposite direction of employment data, providing potential relief for inflation. This trend continued after the data release. The 10-year US bond yield stood at 4.374%, lower than yesterday's 4.393%; the 2-year US bond yield dropped from 3.918% to 3.899%. (Jin Shi)