According to Odaily, Deutsche Bank has indicated that if the current volatility, which has driven U.S. long-term borrowing costs above 5%, persists, the Federal Reserve may need to intervene to stabilize the U.S. Treasury market. On Wednesday, concerns over the safety of U.S. assets intensified due to U.S. President Donald Trump's tariff policies, leading to a sell-off in U.S. Treasuries. This resulted in the 30-year Treasury yield rising to 5.02%, the highest level since November 2023. If this situation continues, the Federal Reserve may need to take action, described by George Saravelos, the bank's global head of FX strategy, as a 'circuit breaker' or emergency quantitative easing. He stated, 'If the recent turmoil in the U.S. Treasury market continues, we believe the Federal Reserve will have no choice but to urgently purchase U.S. Treasuries to stabilize the bond market.'