Yields on the 30-year US Treasury bond rose as much as five basis points to around 4.86% on Monday, the highest level since November 2023, as investors began to taste the turmoil that Trump's rise to power could cause to financial marekts in the coming months. Bond market expansion pressure has had a certain impact on the market, with the Treasury Department issuing the first batch of Treasury bonds this week. US Treasuries have come under pressure in recent weeks due to concerns that Trump's policies will push up inflation. The dollar fell on Monday after the Washington Post said Trump's staff were considering narrowing the scope of the tariff plan, and Treasury bonds regained some of their losses as the market believed the move would weaken inflation fears. But with Trump's denial, the market trend quickly reversed. Gregory Peters, co-chief investment officer for fixed income at PGIM, said in a television interview that "there is a lot of debt in the market and there is a constant supply. This, combined with the possibility that inflation may be more sticky or go down and up, puts pressure on the bond market".