Treasury Bonds Fall on Strength in March Payrolls: Markets Wrap

(Bloomberg) -- US Treasury bonds fell after a stronger-than-forecast reading on March employment prompted traders to pare bets on interest-rate cuts. Earlier, Asian stocks rose on optimism that shipping through the Strait of Hormuz will pick up despite the war in the Middle East.The yield on the policy-sensitive two-year Treasury climbed 4 basis points to 3.84% and S&P 500 futures fell 0.3% in a holiday-shortened trading session. The US added 178,000 jobs last month, higher than all estimates in