According to online reports, U.S. Treasury Secretary Scott Bessant said that we have seen the yield on two-year bonds falling below the federal funds rate. This suggests that the market believes that the Fed should consider cutting interest rates. Bessent also reiterated his prediction that the window of tariff uncertainty will narrow as time goes by and trade agreements are reached, noting that despite panic news about a deep stock market decline in April, the stock market ultimately remained basically flat that month. "The market experienced amazingly wild swings in April," he said."When we finally get to our destination, the road will be worth it, and in the short term I think everyone should take a deep breath." (Jin Shi)