美国就业岗位意外大幅增加，促使交易员加大押注美联储将在12月下次会议上加息，美债周五下跌。
Treasuries dipped after an unexpected surge in US job growth led traders to add to wagers that the Federal Reserve will raise interest rates when officials next meet in December.
跌势推高了各期限收益率，对美联储利率路径前景更敏感的两年期美债收益率上涨多达7个基点，至4.54%。数据显示美国10月新增就业16.5万个，超出预期，基准10年期美债收益率上涨4个基点，至4.87%。
The declines on Friday pushed yields higher across maturities, with those on two-year notes — more sensitive to the outlook for the Fed’s rate path than longer peers — up by as much as seven basis points to 4.54%. The 10-year yield was four basis points higher at 4.87% after data showed the US added 165,000 jobs in October, topping forecasts.
交易员维持对美联储进一步加息的预期，定价显示下个月加息25个基点的概率为70%。总体而言，市场预计到2027年9月将至少再收紧40个基点。
Traders maintained expectations of further rate hikes from the US central bank, pricing in a 70% chance of a quarter-point rate hike next month. All told, the market expects at least 40 basis points of additional tightening by September 2027.
非农就业岗位上月增加16.5万个，远超预期的6.5万个增幅，失业率降至4.1%。前几个月数据经正向修正，过去一年工资增速也回升至3.1%。
Non-farm payrolls rose 165,000 last month, beating a forecast gain of 65,000, and the unemployment rate dipped to 4.1%. Revisions for prior months were positive and wage growth also picked up to 3.1% for the past year.
