Odaily News U.S. Treasuries rose, with yields hovering at their lowest level since February, as investors see economic data supporting the Fed's three rate cuts this year. The 10-year yield fell below 4% for the first time since February, after manufacturing data reinforced the market's view. The rise in initial jobless claims last week suggests a slowdown in the labor market. Interest rate swap traders expect a 100% chance of a total rate cut of 75 basis points this year, which means that each of the next three rate meetings will cut rates by 25 basis points. (Jinshi)