On June 5, according to US media reports, employment growth in May exceeded all economists' expectations, and the unemployment rate remained stable, further indicating that the labor market may be emerging from a prolonged period of weak hiring. Data released by the US Bureau of Labor Statistics on Friday showed that non-farm payrolls increased by 172,000 in May, with revisions upward for the previous two months. This brings the employment growth over the past three months to the strongest level in over two years. The report indicates that despite a recent rise in energy prices leading to a historic low in consumer confidence, the US labor market is showing signs of recovery after nearly stagnating last year. This data may also increase pressure on the Federal Reserve to consider raising interest rates to curb inflation. Following the data release, US Treasury bonds faced a sell-off, with the two-year Treasury yield rising by more than 7 basis points to 4.1%. The interest rate swap market indicates that expectations for a Federal Reserve rate hike have increased, with the market nearly fully pricing in a 25 basis point hike by the end of the year.