U.S. Treasuries rise, yields lower, labor market mixed data keeps traders betting that Fed officials will cut rates this year。Although the June non-farm payrolls report showed higher-than-expected job growth, the previous months were revised downward and the unemployment rate rose.。Derivatives market traders have further strengthened their bets on rate cuts, with their expected probability of two rate cuts this year reaching 100% again。The probability of the Fed cutting interest rates as early as September is currently thought to be around 76%.。Jeff Klingelhofer, co-head of investment at Thornburg Investment Management, said, "I think there is still room for U.S. debt to rise, and from Powell's recent statements, he has a strong tendency to start a moderate easing cycle, the labor market is returning to a better balance, inflation is at downside risk, and the economy could slide into recession."。BlackRock portfolio manager Jeffrey Rosenberg said, "To consolidate the September rate cut is expected to need another round of data support, more importantly, next week's inflation data, and next month's data."。