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The short-term outlook should be mainly positive, with the backdrop of Trump's upcoming midterm election. First, influenced by the Treasury's accelerated buybacks and changes in long-term U.S. Treasury expectations, the yield increase is slowing down and may even decline. Second, the Federal Reserve will not raise interest rates in September, and likely not in October either. Going forward, Feng Brother believes it won't either, due to easing CPI, declining employment, and most importantly, U.S. Treasury risks. Third, Da Da will visit the U.S. next month; logically, friendly relations between the two countries are also positive for sentiment and expectations. Fourth, with the midterm election approaching, there should be no extreme conflicts. The Iran-Oman Strait joint management agreement has been reached; optimistically, the strait may be passable in phases.