Strong non-farm data weakens expectations for a Federal Reserve rate cut

According to Jinshi reports, interest rate strategist Ira Jersey recently commented that the stronger-than-expected non-farm data highlights that the U.S. is still far from recession, making it difficult to see the Federal Reserve choosing to cut interest rates in this situation. Considering that the interest rate market has basically ruled out the expectation of rate cuts, it is expected that U.S. Treasury yields will not experience significant fluctuations.