Svmuu News Due to strong US labor market data, the market has reduced bets on the Federal Reserve cutting interest rates this year. US Treasury prices fell, pushing yields up by 3 to 5 basis points, with the policy-sensitive two-year Treasury yield leading the gains. The market's previous expectation for the Fed to ease monetary policy this year was only about 1 basis point, compared to around 4 basis points before the report's release. David Robin, an interest rate strategist at TJM Institutional Services LLC, stated that the Fed is "highly likely to keep rates unchanged until at least the end of June, or even longer." He added, "This is data before the conflict erupted, but even so, it shows a higher baseline (for rate cuts)." (Jin10)