Market interprets non-farm payroll data; the Federal Reserve may focus on reducing inflation.
ChainCatcher news, according to Golden Ten Data, today's stock market is closed due to the Easter holiday, but the bond market remains open, with trading continuing until noon local time. Investors have interpreted the new data as allowing the Federal Reserve to focus on lowering inflation amid a stable labor market, which could mean higher interest rates. The yield on the two-year U.S. Treasury, which is sensitive to changes in interest rate expectations, rose sharply to 3.85% after the data was released.
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