Core Viewpoint - The report by Gina Bolvin of Bolvin Wealth Management emphasizes the need for clearer evidence that the Federal Reserve's policies are returning to the 2% inflation target before a significant decline in long-term bond yields can be expected [1] Group 1 - The biggest risk observed in the market is the uncertainty surrounding the Federal Reserve's policy direction [1] - If the job market remains resilient and fiscal or tariff policies support growth or exert inflationary pressure, the Federal Reserve may not need to implement the anticipated interest rate cuts, necessitating a repricing of bonds [1] - Currently, there is a lack of evidence indicating that the Federal Reserve's policies are on track to achieve the 2% inflation target [1]