[Goldman Sachs: Ongoing Iran Conflict and Supply Shocks Weaken U.S. Treasury's Diversification Capability] According to a report by Jinse Finance on May 18, Goldman Sachs analysts stated in a report that since late February, U.S. Treasuries have been a poor diversification tool. They noted: 'The ongoing uncertainty surrounding the Iran conflict and supply shocks remain the primary obstacles to nominal duration's ability to mitigate daily portfolio volatility, which may sustain elevated risk premiums in the short term.' However, analysts believe that the growth optimism already priced into risk markets, along with the more pronounced accumulation of inflation risk premiums on the yield curve, enhances the value of U.S. Treasuries as a medium-term hedging tool.