[Capital Economics: U.S. Treasury Yields Unlikely to Drop Significantly in the Short Term] Jonas Goltermann, Deputy Chief Market Economist at Capital Economics, stated that U.S. Treasury yields may have already approached their bottom. Although yields have recently declined due to trade tensions, they are unlikely to drop further significantly in the short term unless the trade war reignites. He pointed out that the Federal Reserve's shift toward rate cuts is the main reason for yields being at low levels, and Powell's recent remarks have also confirmed the rate cut plan.