According to ChainCatcher, T. Rowe Price Chief Information Officer Arif Husain stated that the likelihood of the U.S. Congress passing a large-scale fiscal plan before the summer recess has increased. The Trump administration has yet to address the tax cut agenda, and fiscal expansion is expected to become a focus for the markets. While fiscal expansion may support economic growth, it could also put pressure on the U.S. Treasury bond market. Rising inflation and global fiscal expansion are unfavorable for U.S. Treasury bonds, and the yield on the 10-year Treasury bond is expected to reach 6% in the next 12 to 18 months.