According to Deep Tide TechFlow, on May 23, SEB Research Chief Rate Strategist Jussi Hiljanen stated that U.S. long-term Treasury yields could rise further. Market confidence in U.S. policy is waning, and the costs of foreign exchange hedging and valuation lack attractiveness, causing investors to turn to European bonds, which puts structural upward pressure on long-term U.S. yields. Long-term Treasury yields are expected to rise moderately, but fiscal policy may trigger a significant repricing of U.S. government bonds.