Finance

Stronger-than-expected May jobs data, showing the addition of 172,000 nonfarm payrolls, has shifted investor expectations toward a more hawkish Federal Reserve policy. Markets are now pricing in a high probability of a rate hike by year-end, driven by a tight labor market and persistent inflationary pressures.

The benchmark 10-year Treasury yield fluctuated around 4.53% as investors assessed both domestic economic strength and geopolitical risks. While yields slightly retreated from session highs, they remain elevated as the bond market increasingly demands higher premiums in anticipation of prolonged restrictive monetary policy.

Bitcoin and Ethereum traded higher on Monday, rebounding toward $63,000 and $1,680 respectively, following their worst weekly declines since 2022. Despite the bounce, digital assets remain under pressure from higher-for-longer interest rate expectations and a shift in investor capital toward the booming AI sector.