Internet reported that U.S. Treasury prices fell and traders began to cut bets on interest rate cuts this year after stronger-than-expected employment and wage growth data were released. Yields on government bonds of all maturities rose, especially short-term bonds ranked first. Interest rate swap data showed that traders expected a 25 basis point rate cut in September to be about 70%, compared with about 90% expected on Thursday. Traders generally expect the Federal Reserve to keep interest rates unchanged at its June 17-18 meeting, with the possibility of a rate cut in July being only 10%. Kevin Flanagan, head of fixed income strategy at WisdomTree, said,"The employment data rules out interest rate cuts in June and July. We continue to wait and see. Given that employment has not slowed down, the market is turning to focus on whether next week's CPI can continue the downward trend of inflation."