On July 8th, U.S. Treasury bonds fell for the fifth consecutive day, as market demand for longer-term bonds weakened amidst several bond auctions scheduled for this week. On Tuesday, U.S. Treasury bonds experienced a decline across the board, pushing yields up by 2 to 4 basis points. The yield on the 30-year note approached 5% for the first time since May, following a continuous climb due to the unexpectedly strong labor market in the United States, leading investors to lower their bets on a Federal Reserve rate cut. Interest rate swaps indicate that traders expect two rate cuts of 25 basis points each by the end of the year, with the first expected to arrive in September.