**Market Reacts to Strong Jobs Report with Rising Treasury Yields**

On Friday, Treasury yields experienced a notable increase as investors reacted to surprisingly robust jobs data. The yield on the 10-year Treasury note rose by over 7 basis points to reach 4.468%, while the 2-year Treasury yield climbed more than 9 basis points to 4.016%. Meanwhile, the 30-year bond yield increased by more than 4 basis points, landing at 4.931%. In the bond market, it is important to note that yields and prices move in opposite directions.

The positive movement in yields followed the release of nonfarm payroll data, which showed a rise of 139,000 jobs in May. This number significantly surpassed the consensus forecast of 125,000 jobs from economists surveyed by Dow Jones. The unemployment rate remained steady at 4.2%.

This labor market report might shed light on whether companies are adjusting their hiring strategies in response to the intermittent imposition and removal of tariffs by President Donald Trump's administration. The stronger-than-expected job gains could also support the Federal Reserve's decision to maintain current interest rates, which have been steady since December.

According to the CME FedWatch tool, there is a more than 97% probability that the Fed will keep the borrowing rate unchanged at its upcoming June meeting. Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management, commented, "With the Fed laser-focused on managing the risks to the inflation side of its mandate, today's stronger-than-expected jobs report will do little to alter its patient approach."

This data offers valuable insights into the current state of the economy and the potential future actions of the Federal Reserve.