The Internet reported that Jussi Hiljanen, chief interest rate strategist at SEB Research, said in a report that long-term U.S. Treasury yields may rise further, in part because market confidence in U.S. policies is fading. "The erosion of trust in U.S. policies, considering the cost of foreign exchange hedging, unattractive valuations, and investors 'shift to European bonds, all indicate that long-term U.S. yields are facing structural upward pressure. Long-term Treasury yields are expected to rise moderately, but fiscal policy could trigger a significant repricing of U.S. Treasuries." (Jin Shi)