30-year US Treasury yield rose by 5 basis points on Monday, reaching approximately 4.86%, marking the highest level since November 2023, as investors began to experience the potential turbulence that Trump's administration might bring to the financial markets in the coming months. The pressure from the expansion of the bond market has had a certain impact on the market, and the initial demand for the first batch of government bonds issued by the Treasury this week was weak. Concerns that policies under Trump could push inflation higher have put pressure on US Treasuries in recent weeks. After the Washington Post reported that Trump's aides were considering narrowing the scope of the tariff plan, the dollar fell on Monday, and Treasuries regained some ground, as the market believed this move would alleviate inflation worries. However, following Trump's denial, market trends quickly reversed. Gregory Peters, Co-Chief Investment Officer of PGIM Fixed Income, stated in a television interview, "There is a large amount of bonds in the market, with a continuous supply. Additionally, the possibility that inflation may be stickier or rise again puts pressure on the bond market."