According to Jinshi, analysts at A.J. Bell pointed out that the outlook for 10-year Treasury yields is uncertain because the possibility of Trump's victory in the presidential election offsets the possibility of a possible interest rate cut in the United States. Trump's victory may lead to higher yields, but Federal Reserve Chairman Jerome Powell's interest rate cut strategy may cause yields to fall slightly. This puts investors who prefer US sovereign bonds in a dilemma. They want to lock in positive real yields, but they need to be vigilant about inflation risks.