Core Viewpoint - The report from TD Securities suggests that the nomination of former Fed Governor Kevin Warsh as the next Federal Reserve Chair could lead to a steepening of the U.S. Treasury yield curve, driven by a larger decline in short-term yields compared to long-term yields [1] Group 1 - If Rick Rieder, BlackRock's Chief Investment Officer for Fixed Income, is nominated as Fed Chair, the yield curve may flatten due to a greater decline in long-term yields compared to short-term yields [1] - Regardless of the nominee, TD Securities anticipates that any yield curve reaction will be temporary, as the new chair will need to persuade other committee members [1] - Advisors to President Trump have been informed that he is expected to nominate Warsh, potentially as early as Friday [1]

Group 1 - The current trading price of silver is above 8.728, with an opening price of 8.719 and a current price of 8.735, reflecting a 0.24% increase [1] - The highest price reached today is 8.764, while the lowest is 8.695, indicating a short-term bearish trend in silver [1] - The resistance level for silver is identified in the range of 8.749-8.752, while the support level is noted at 8.724-8.703 [4] Group 2 - The UK unemployment rate continues to rise, reaching its highest level since 2021, which may influence the Bank of England's decision to lower interest rates despite ongoing inflation pressures [3] - The total wage growth rate for three months in May is reported at 1.0%, with regular wage growth at 1.1%, marking the lowest levels since mid-2023 [3] - Any potential dismissal of Federal Reserve Chairman Powell by the Trump administration could severely impact the US dollar, with expectations of a more dovish replacement potentially lowering short-term yields [3]