LONDON, Aug 1 (Reuters) - Thirty-year euro zone

government bond yields rose on Friday, swept higher in a

sell-off in global longer-dated debt, as investors grow

increasingly convinced that interest rates are unlikely to fall

much further.

U.S. President Donald Trump's tariffs, while lower than

initially threatened for most countries, are widely expected to

keep inflation in the euro zone, and elsewhere, from receding

much further. Data in the meantime points to the economy holding

up, albeit at a slower pace.

German thirty-year yields rose 4 basis points in

early trading to 3.22% on Friday, echoing a similar move in

30-year Treasuries, while Italian 30-year yields

rose almost 7 bps to 4.464% and French 30-year

yields were up 4 bps at 4.177%.

Trump followed through on his threat to impose steep tariffs

on exports from dozens of trading partners including Canada,

Brazil, India and Taiwan, ahead of a Friday trade deal deadline.

"The long-end in Bunds continues to lack clear direction

despite abundant data points, as larger surprises remain absent.

The front-end on the other hand weakened, as the figures add

conviction to the ECB's base case scenario, leaving curves

flatter as markets are increasingly pricing a terminal rate

closer to 2%," analysts at Commerzbank said.

Data on Friday from the euro zone includes final surveys of

manufacturing activity for July and the all-important U.S.

monthly jobs report, which could be instrumental in setting

expectations for the near-term direction of interest rates.

Shorter-dated debt got some respite, with two-year Schatz

yields up just 1 bp at 1.956%, narrowly below this

week's four-month high of 1.965%.

Traders have been gradually eroding their bets on another

rate cut this year from the European Central Bank, while the

view among economists is starting to point to the next move

being a hike at some point in 2026.

Benchmark 10-year Bunds meanwhile, were up 3.2

bps at 2.724%, having ended July up nearly 10%, their third

straight monthly increase and the largest since March's 34-bp

gain.

(Reporting by Amanda Cooper; Editing by Ros Russell)