Core Viewpoint - Trump is shifting towards left-leaning policies to regain popularity, embracing ideas traditionally supported by progressive Democrats, such as drug price reductions and tax increases on the wealthy [1] Policy Changes - Trump has ordered pharmaceutical companies to reduce drug prices in the U.S., aligning his approach with proposals from Democratic Senator Bernie Sanders [1] - The administration is adopting stricter enforcement against price fraud, a policy typically favored by progressive Democrats [1] Political Implications - Many within the Republican Party are unsettled by Trump's adoption of these leftist policies, indicating a potential shift in party dynamics [1] - Analysts suggest that Trump is aware of the popularity of these policies and is motivated by a desire to maintain his approval ratings [1] Economic Context - Trump's economic policies, including tariffs, have negatively impacted the market, contributing to a decline in his approval ratings [1] - In response to these challenges, Trump is rapidly retracting his tariff plans [1]

Core Viewpoint - Gold prices have risen to a one-week high due to increased concerns over U.S. President Trump's tariff plans, which have heightened demand for safe-haven assets, while investors are closely monitoring the upcoming Federal Reserve policy meeting [1] Group 1 - Gold prices increased on Tuesday, reaching a one-week high [1] - Concerns regarding President Trump's tariff plans have intensified, contributing to the rise in gold prices [1] - The heightened demand for safe-haven assets is a key factor in the price increase [1] Group 2 - Investors are paying close attention to the forthcoming Federal Reserve policy meeting, which may influence market dynamics [1]

| 期限品种 | 收益率% | 基点 | | --- | --- | --- | | US 1-MO | 4.311 | +0.004 A | | US 2-MO | 4.309 | +0.016 ▲ | | US 3-MO | 4.32 | +0.019 A | | US 4-MO | 4.337 | +0.027 A | | US 6-MO | 4.254 | +0.047 A | | US 1-YR | 4.013 | +0.08 A | | US 2-YR | 3.824 | +0.123 ▲ | | US 3-YR | 3.809 | +0.121 A | | US 5-YR | 3.917 | +0.104 A | | US 7-YR | 4.104 | +0.09 A | | US 10-YR | 4.308 | +0.077 ▲ | | US 20-YR | 4.806 | +0.054 A | | US 30-YR | 4.789 | +0.052 A | 新华财经北京5月3日电美国劳工统计局周五（2日）公布的美国4月非农就业报告好于预期，缓解了对经济衰退的担忧，投资者抛售美债转向股市，2年 ...

Core Viewpoint - The U.S. Treasury Secretary, Janet Yellen, emphasized that the market has not fully understood the implications of the tariff plan, which is at its highest level [1] Group 1 - The tariff plan is designed to address significant trade imbalances and protect domestic industries [1] - Yellen indicated that the current market reactions may not accurately reflect the long-term benefits of the tariff strategy [1] - The administration aims to ensure that tariffs are effectively utilized to support economic growth and job creation [1]