U.S. Treasury bonds fell as traders virtually wiped out their bets on a Federal Reserve rate cut later this month. This followed a larger-than-expected drop in the December unemployment rate, offsetting weak overall job growth. Following Friday's report, U.S. government bond prices fell, pushing yields across all maturities up by as much as 3 basis points. Bond traders maintained their forecast of two rate cuts throughout 2026, with the first expected mid-year. John Briggs, head of U.S. interest rate strategy at Natixis North America, said, "For us, the Fed is more focused on the unemployment rate than the noise in the overall data. So, in my view, this is slightly bearish for U.S. rates." The labor reports for September, October, and November were delayed due to the six-week government shutdown from October 1 to November 12. This employment data provides the first "clean" reading reflecting macroeconomic employment trends. Whether the Fed will cut rates further is considered to depend on the performance of the labor market in the coming months. Previously, in response to a weak labor market, the Fed lowered the target range for short-term lending rates at its last three meetings. However, some officials remain concerned about inflation exceeding the target, which is seen as limiting the pace of further easing. (Jinshi)

According to Odaily Planet Daily, data shows that Bitcoin's Weekly Relative Strength Index (RSI), which measures the degree of "overbought" or "oversold" status of BTC/USD at a specific level, is continuously breaking through. Its downtrend began in September 2025, and it has now broken through and held above the three-month downtrend line, increasing bullish signals. Based on this trend analysis, Bitcoin's price may reach $103,000 to $105,000 within 3-4 weeks, while selling pressure will ease as Bitcoin attempts to consolidate the $90,000 support level. (Cointelegraph)

Odaily Planet Daily reports that Lindsay Rosenner, head of multi-sector fixed income at Goldman Sachs Asset Management, commented on the US non-farm payrolls: Goodbye, January! The Federal Reserve is likely to maintain the status quo for now, as the labor market has shown initial signs of stabilization. The improvement in the unemployment rate suggests that the sharp rise in November was due to individual employees leaving early due to the "deferred departure" policy and data distortion, rather than a sign of systemic weakness. We expect the Fed to maintain its policy stance for now, but anticipate two more rate cuts in the remainder of 2026. (Jinshi)

According to Odaily Planet Daily, an analysis by an agency points out that the US unemployment rate of 4.4% in December remained unchanged from September, easing concerns about a jump to 4.6% in November. While higher than the lowest levels seen during the post-pandemic hiring boom, this unemployment rate remains quite moderate by historical standards. These figures may marginalize discussions about a Fed rate cut in January—with a lower unemployment rate and limited initial jobless claims, officials may not feel much urgency to further lower rates after three consecutive cuts by 2025. (Jinshi)

Odaily Planet Daily reports that market traders still expect the Federal Reserve to ease monetary policy by about 50 basis points in 2026. (Jinshi)