On May 22, Swissquote strategist Ipek Ozkardeskaya said in a note that the movement of US Treasury yields will depend on two factors. The first factor is the fiscal choices the United States makes: whether the budget is sustainable and whether there is any long-term plan to control debt. Another factor is the approach of global investors: whether global investors are still willing to finance the U.S. deficit, especially as factors such as deteriorating geopolitical relations, waning enthusiasm for the dollar, and declining confidence in U.S. Treasuries as a safe-haven asset also weaken market confidence.