The BlackRock think tank believes that the Federal Reserve may not raise interest rates, but this will have limited effect on curbing the rise in US long-term treasury bond yields. Wei Li, chief investment strategist at BlackRock's think tank, said in an interview, “We actually think the Federal Reserve may stand still.” She pointed out that during Kevin Walsh's tenure as Chairman of the Federal Reserve, policy uncertainty will continue to raise investors' concerns about future financing costs, thus putting long-term treasury bond yields under pressure. She said, “The market is extremely uncertain about the policy response mechanism of the Federal Reserve under Walsh's leadership, and weakening forward-looking guidance further exacerbates this uncertainty. Because of this, in addition to rising inflation risks and variable policy response mechanisms, we believe that even if policy interest rates do not change much, the term premium on US Treasury bonds will still need to be repriced and further raised,” she pointed out. “Market concerns about rising US financing costs are becoming the main driving force of current market trends, and are putting double pressure on the US at the political and economic levels

The BlackRock think tank believes that the Federal Reserve may not raise interest rates, but this will have limited effect on curbing the rise in US long-term treasury bond yields. Wei Li, chief investment strategist at BlackRock's think tank, said in an interview, “We actually think the Federal Reserve may stand still.” She pointed out that during Kevin Walsh's tenure as Chairman of the Federal Reserve, policy uncertainty will continue to raise investors' concerns about future financing costs, thus putting long-term treasury bond yields under pressure. She said, “The market is extremely uncertain about the policy response mechanism of the Federal Reserve under Walsh's leadership, and weakening forward-looking guidance further exacerbates this uncertainty. Because of this, in addition to rising inflation risks and variable policy response mechanisms, we believe that even if policy interest rates do not change much, the term premium on US Treasury bonds will still need to be repriced and further raised,” she pointed out. “Market concerns about rising US financing costs are becoming the main driving force of current market trends, and are putting double pressure on the US at the political and economic levels