According to Odaily Planet Daily, Jonas Goltman, deputy chief market economist at Capital Economics, said that U.S. Treasury yields may be about to bottom out. He pointed out that U.S. Treasury yields have recently fallen due to renewed tensions in trade relations, but "unless the trade war actually breaks out again, we do not believe that U.S. Treasury yields will fall further significantly in the short term." Goltman explained that the main reason for the current relatively low U.S. Treasury yields is that although market concerns about an economic recession have eased, "in recent months, the Federal Reserve's policy outlook has clearly shifted towards lower interest rates." He added that Federal Reserve Chairman Powell also made it clear in his speech on Tuesday that he still plans to continue cutting interest rates. (Jinshi)