Group 1 - The uncertainty of the U.S. government's tariff and fiscal policies has shaken investor confidence in U.S. Treasuries and the dollar [4][2] - As of October 2025, the U.S. national debt has exceeded $37.86 trillion, with a federal budget deficit of $1.8 trillion for FY 2025, remaining at historically high levels [4] - The net interest cost of U.S. public debt has surpassed $1 trillion for the first time, reflecting an approximately 8% increase from FY 2024, driven by rising debt and high interest rates [4] Group 2 - Future U.S. Treasury yields may remain volatile at high levels, and the strong position of the dollar may gradually weaken [4][2] - Investors are advised to closely monitor U.S. government policy dynamics, economic data, and global market changes to assess risks and make informed investment decisions [4][2] - A call for submissions has been made by the editorial team of Tsinghua Financial Review, focusing on the long-term perspective of U.S. Treasuries and the dollar [4][3]