Group 1 - The report highlights that the recent US-China trade negotiations have led to a significant improvement in market sentiment, with a notable increase in risk appetite observed in the markets [6][7][9] - The US has temporarily suspended 91% of retaliatory tariffs, retaining only a 10% baseline tariff, which is expected to provide the US economy with a period of relief to implement tax cuts and fiscal stimulus [7][8] - The report anticipates that the US dollar assets may experience a sustained rebound due to the lack of significant economic downturn in the US and the Federal Reserve's stable stance [6][9] Group 2 - The report indicates that the recent trade agreement has resulted in a significant rise in both short-term and long-term US Treasury yields, reflecting a typical "risk-on" market response [6][13] - Short-term yields are expected to have limited downward movement due to the resilience of the US economy, while long-term yields are projected to fluctuate within the range of 4.2% to 4.5% [18][20] - The report suggests that the market's narrative remains focused on the recovery of risk appetite, indicating an optimistic outlook for future economic conditions [16]

Group 1 - International oil prices rebounded strongly on May 8, with WTI crude oil futures rising by $1.84 to $59.91 per barrel, a 3.17% increase, and Brent crude oil futures increasing by $1.72 to $62.84 per barrel, a 2.81% rise, due to reduced market concerns over trade tensions [1] - The market reacted positively to the announcement of a new trade agreement between the U.S. and the U.K., which includes partial tariff reductions and expanded market access, although many details remain to be finalized [1] - Oil prices are still largely driven by news events, with analysts noting that while there is some optimism regarding reduced tariff tensions, attention must be paid to OPEC+'s plans to accelerate the exit from voluntary production cuts after June [1] Group 2 - Investment banks are continuing to lower their oil price forecasts, with Citigroup analysts reducing their three-month Brent crude oil price prediction from $60 per barrel to $55 per barrel, while maintaining a $60 per barrel forecast for the year [2] - Analysts at Citigroup indicated that if a nuclear agreement is reached between the U.S. and Iran, increased supply could push Brent crude oil prices down to $50 per barrel, whereas failure to reach an agreement could see prices rise above $70 per barrel [2]