PANews reported on May 2 that according to Jinshi, stronger-than-expected U.S. employment data showed that tariff uncertainty has not yet dealt a substantial blow to the U.S. job market, prompting traders to reduce their bets on the Fed's rate cuts, followed by a fall in U.S. Treasuries. After nonfarm payrolls increased by 177,000, the two-year Treasury yield rose 7 basis points to 3.77%. Traders cut their bets on the Fed's rate cuts, expecting an overall rate cut of about 85 basis points this year, compared with expectations of around 90 basis points before the report was released.