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Odaily星球日报
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Odaily Planet Daily News: The United States added 272,000 jobs in May, far higher than the 190,000 jobs surveyed by the Wall Street Journal and far higher than the 165,000 jobs increase in April after the downward revision. However, the unemployment rate rose from 3.9% to 4%. Overall, the non-farm data may pour cold water on recent expectations that the Federal Reserve may start cutting interest rates this summer. Influenced by this news, U.S. Treasury yields rose sharply. The 10-year Treasury yield rose to 4.427% from 4.289% shortly before the report was released. The dollar index rose 0.5% as the prospect of delayed monetary easing in the United States is likely to maintain the dollar's interest rate differential relative to other developed markets, where borrowing costs are already falling. (Jinshi)

Odaily Planet Daily News: The United States added 272,000 jobs in May, far higher than the 190,000 jobs surveyed by the Wall Street Journal and far higher than the 165,000 jobs increase in April after the downward revision. However, the unemployment rate rose from 3.9% to 4%. Overall, the non-farm data may pour cold water on recent expectations that the Federal Reserve may start cutting interest rates this summer. Influenced by this news, U.S. Treasury yields rose sharply. The 10-year Treasury yield rose to 4.427% from 4.289% shortly before the report was released. The dollar index rose 0.5% as the prospect of delayed monetary easing in the United States is likely to maintain the dollar's interest rate differential relative to other developed markets, where borrowing costs are already falling. (Jinshi)

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