According to data from Jinshi, U.S. government bonds have fallen for the fifth consecutive day, with market demand for long-term bonds weakening. On Tuesday, U.S. government bonds fell across the board, pushing yields up by 2 to 4 basis points, and the 30-year yield approached 5% for the first time since May.
The non-farm payroll report shows that the U.S. labor market is unexpectedly resilient, leading investors to lower their bets on interest rate cuts by the Federal Reserve. Interest rate swaps indicate that traders expect two cuts of 25 basis points before the end of the year, with the first one in September.