The market seems to interpret the non-farm payrolls as a sign of a stable labor market, and the Federal Reserve will focus on lowering inflation.

ME News message, April 3 (UTC+8). A New York Times financial markets reporter in New York said that today the stock market is closed for the Easter holiday, but the bond market is still trading, with trading hours continuing until local noon. Investors initially appeared to interpret the new data as, “Against the backdrop of an ongoingly solid labor market, the Fed can focus on bringing down inflation.” This most likely points to higher interest rates. The yield on two-year U.S. Treasuries, which is especially sensitive to changes in rate expectations, surged to 3.85% after the data was released. (Jin10) (Source: ODAILY)

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