SEB Research Chief Interest Rate Strategist Jussi Hiljanen said in a report that U.S. long-term Treasury yields may rise further, partly due to declining market confidence in U.S. policy. "Trust in U.S. policy is eroding, and considering foreign exchange hedging costs, valuations lack attractiveness, and investors are turning to European bonds, all indicate that long-term U.S. yields face structural upward pressure. It is expected that long-term Treasury yields will rise moderately, but fiscal policy may trigger a significant repricing of U.S. Treasuries." (Jinshi)