(FAP, June 8)-the US Treasury market expects the Fed to raise interest rates by 100% again by July, which is expected to be the last interest rate hike this year. The sell-off in US debt accelerated again after the Bank of Canada unexpectedly raised interest rates by 25 basis points. The interest rate on swap contracts linked to the July session climbed to 5.33 per cent on Wednesday, 25 basis points higher than the current level of 5.08 per cent. June contract prices show that traders tend to think the Fed will suspend a rate hike this month. Contracts expiring in December rose 9 basis points to 5.08%, in line with the current federal funds rate. The December swap contract is about 25 basis points lower than the July contract, meaning a 25 basis point cut in interest rates by the end of the year.