Core Viewpoint - The report by SEB Research's chief interest rate strategist Jussi Hiljanen indicates that U.S. long-term Treasury yields are likely to rise further due to declining market confidence in U.S. policies, which may lead to a significant repricing of U.S. government debt [1] Summary by Relevant Categories Market Confidence - Trust in U.S. policies is eroding, contributing to upward pressure on long-term Treasury yields [1] Valuation and Investment Trends - The lack of attractiveness in valuations, considering foreign exchange hedging costs, is prompting investors to shift towards European bonds [1] Yield Expectations - Long-term U.S. Treasury yields are expected to rise moderately, with fiscal policy potentially triggering a substantial repricing of U.S. government debt [1]