In recent days, US Treasury yields have experienced significant volatility, largely driven by stronger-than-expected employment figures. The 10-year Treasury yield surged after the June jobs report indicated robust payroll growth, prompting bond traders to reevaluate their positions and expectations regarding future Federal Reserve rate cuts. Despite some earlier disappointment with ADP jobs data, the solid non-farm payrolls performance reinforced market optimism and led to rising yields. As traders brace for the implications of these labor market signals on monetary policy, tensions remain high in the bond market, with many betting on continued upward momentum despite potential risks associated with future economic indicators.