Finance

U.S. employers added 172,000 jobs in May, far exceeding analyst expectations of 80,000, which has intensified speculation that the Federal Reserve may raise interest rates later this year. Traders now estimate a 70% probability of a rate hike by December 2026, a sharp increase from previous projections of less than 50%.

Bond markets saw a significant sell-off following the latest labor market report, driving the 10-year Treasury yield to 4.55% and the 2-year yield to 4.16%. These levels represent the highest yields for these notes in over a year, reflecting investor anxiety that persistent inflation may prevent the central bank from easing monetary policy.

Digital assets have come under pressure in early June, with Bitcoin experiencing its largest weekly outflow of 2026 at approximately $1.43 billion. As broader risk appetite shifts toward established equity themes, Bitcoin prices have dipped below key support levels, trading near $66,000 amid a general flush in derivative markets.