The price of US treasury bond bonds fell. After the Bank of England said it would deal with inflation, traders no longer expected the Federal Reserve to cut interest rates this year, or even hedge against possible interest rate increases in the next few months. The yield of two-year US treasury bond bonds rose 13 basis points to 3.9%. Tom Di Galloma, Managing Director of Mishler Financial Group, stated that the expectation of a 50 basis point rate hike by the Bank of England in 2026 has driven market changes, and the decline in the European bond market has also pushed up US yields. He pointed out that the flow of funds is mainly driven by selling behavior, and market sentiment is influenced by long-term conflicting expectations.