[Federal Reserve Governor Waller Says Rising Yields Act as Tightening Policy, Helping to Curb Demand in Certain Sectors] According to a report by Jinse Finance, on October 13, Federal Reserve Governor Christopher Waller stated that the rise in U.S. long-term Treasury yields helps curb demand in interest rate-sensitive sectors such as housing and automobiles, effectively serving as a form of monetary policy tightening. 'When yields rise, will it impact interest rate-sensitive industries like housing and automobiles? Of course,' Waller said, noting that while this was not the Federal Reserve's intention, the rise in yields has indeed 'played a certain role.'