This week, U.S. Treasury yields for 2/10/30-year bonds continued to rise. External factors, of course, can be attributed to the surge in oil prices. But the intrinsic driving force behind the rise in long-term yields is still the market's belief that Walsh's rate hikes alone can't solve all the problems. In fact, the U.S. is currently facing the dilemma of ineffective monetary and fiscal policies. Between two evils, choose the lesser—while rate hikes can't solve everything, they are a move that can stabilize market sentiment in the short term. So, for the short end, the market believes Walsh is genuinely hawkish, not just all talk. The most logical scenario, therefore, is a rate hike in September, followed by a few months of observation. If the AI bubble bursts after Anthropic and OpenAI go public, stepping in to rescue the market then would be the least controversial and most natural course of action. @BITstocks_CN Buy U.S. stocks on BIT—10,000+ U.S. stocks and ETFs, real holdings, and enjoy dividend payouts.