Internet reported that U.S. bond yields fell as Trump increased pressure on Powell to demand a sharp interest rate cut. Trump posted on the social media Truth Social that the current federal funds rate is at least 3 percentage points higher. Trump is looking for a new Federal Reserve chairman and has made it clear that he wants to choose someone who shares his views on monetary policy. CME data showed that the market generally expects the Fed to keep interest rates unchanged at its meeting later this month. Traders are mainly betting that the Federal Reserve will cut interest rates by 25 basis points at its September meeting. Against this background, U.S. bond yields are heading towards ending the previous trend of rising for five consecutive trading days.