According to Deep Tide TechFlow news on May 2, as reported by Jin10, stronger than expected U.S. employment data shows that tariff uncertainties have not yet caused a substantial blow to the U.S. job market, prompting traders to reduce bets on interest rate cuts by The Federal Reserve (FED), leading to a subsequent fall in U.S. Treasury yields.

After the non-farm payrolls increased by 177,000, the two-year Treasury yield rose by 7 basis points to 3.77%. Traders cut bets on Federal Reserve rate cuts, expecting an overall rate cut of about 85 basis points this year, compared to the pre-report expectation of around 90 basis points.