According to online reports, market analysts said that if the market wants to feel broader market anxiety, it only needs to look at U.S. debt. Long-term U.S. bond yields are starting to rise again, which will keep risk sentiment tense as trading unfolds this week. As things stand, traders and investors are losing confidence in reaching any trade deal in the short term, and U.S. assets have also been hit hard. It was the bond market that allowed Trump to make temporary concessions on tariffs. However, after two weeks of chaos, the current situation is no better than it was then. Essentially, one of Trump and the Federal Reserve must make concessions first and are playing a "game of chicken." If Powell and his colleagues act to urgently purchase U.S. Treasuries, it will bring some short-term relief. However, this move sends a signal that Trump's tough stance on tariffs will last longer. (Jin Shi)