Strong non-farm data pushes up U.S. bond yields.

The yield on US Treasuries rose after strong non-farm payroll data was released, reinforcing the market's expectation that the Federal Reserve will maintain interest rates for longer instead of cutting them. The yield on the 10-year US Treasury rose by 4.7 basis points to 4.36% after the employment data was announced, while the 2-year yield, reflecting interest rate expectations, increased by 6.6 basis points to 3.862%.