[Pepperstone: Without significant macroeconomic downside risks, the room for further gains in U.S. Treasuries will diminish] According to a report by Jinse Finance, during the Asian trading session, U.S. Treasury yields edged lower, with the 10-year Treasury yield further falling below 4%. Pepperstone analyst Michael Brown stated in a report: 'I find it hard to justify the 2-year (U.S. Treasury yield) dropping significantly below 3.50% and the 10-year (U.S. Treasury yield) dropping significantly below 4.00%, as the U.S. is outperforming other countries, inflation remains elevated, and risk appetite is generally positive.' He noted that unless there are significant and potentially unexpected macroeconomic downside risks, the room for further gains in U.S. Treasuries, especially long-term Treasuries, is expected to diminish. (Jin10)