explode non-farm employment "ignite" Fed rate hike expectations! U.S. bonds face new round of selling wave, with 2-year yield seeing largest increase in 14 months.

Financial news app Zhitong learned that due to the fact that US non-farm payrolls grew more than all predictions in May, US treasury traders have fully factored in expectations of a rate hike by the Federal Reserve before the end of the year, driving yields in the US treasury market to rise across the board to a scale of 31 trillion US dollars. The yield on the two-year US treasury, which is most sensitive to changes in Federal Reserve policy, rose by 13 basis points to 4.17% at one point, marking the largest single-day increase since April last year when US President Trump shocked the market with a large-scale tariff policy. The yield on the ten-year US treasury, known as the "anchor of global asset pricing," also rose by 8 basis points to 4.55%.