BlockBeats News, May 12, Goldman Sachs economists pointed out in a report that their fundamental judgment on the U.S. economy still supports the core view that 'short-term U.S. Treasury yields will decline, and the yield curve will ultimately steepen.' However, if there is a lack of conclusive economic data to support the Federal Reserve's rate cut expectations, the market's pricing for a rate cut may continue to weaken in the short term. 'If, in the current environment of persistently high inflation and economic data that is not poor enough to prompt the Federal Reserve to cut rates, the market's confidence in the possibility of rate cuts gradually fades, then as government debt continues to accumulate, the term premium may face greater upward pressure, which in turn may exert upward pressure on yields.' (Jin Shi)