News: US Treasury yields climbed on Good Friday after the March jobs report showed a 178,000 increase in nonfarm payrolls, significantly exceeding the expected 60,000. The unemployment rate fell to 4.3%. This data led traders to reduce expectations for near-term Federal Reserve rate cuts, causing the 10-year Treasury yield to rise to 4.34% and the two-year yield to 4.84%. Consequently, Bitcoin fell 0.3% to $66,704.7, and Ether dropped 1% to $2,047.83. Asian markets showed mixed results, with gains in South Korea and Japan offset by a decline in China. Oil prices remained elevated due to ongoing Middle East tensions. Microsoft announced a $10 billion AI investment in Japan.
AI Analysis: The strong US jobs report suggests a resilient economy, reducing the urgency for the Federal Reserve to lower interest rates. This typically strengthens the dollar and puts downward pressure on risk assets like cryptocurrencies. The situation in the Middle East adds further volatility to global markets.
