Schroders global investments stated that although there have been fluctuations in inflation data in the United States in recent months, Schroders global investments believe that the overall direction of the US economy is still progressing steadily towards a "soft landing." While the economy continues to grow, inflation is gradually slowing down. The Federal Reserve is still expected to cut interest rates this year, but the timing of the rate cut may be slightly delayed compared to the market's initial expectations. From the perspective of bond portfolio investments, Schroders global investments believe that due to the ongoing inverted yield curve of US Treasuries, where short-term interest rates are higher than long-term interest rates, Schroders global investments currently prefer short to medium-term bonds. In the current situation, assuming that interest rates will remain relatively high in the near future, short to medium-term bonds will be better able to control interest rate risks. At present, the scenario of the US economy experiencing a "hard landing" is not the basic prediction of Schroders global investments. The company also believes that the US will maintain a relatively high level of inflation, the job market is not overheated, and the probability of the economy showing stronger than expected growth is relatively low, but financial market sentiments may become tense again with fluctuations in economic data. Therefore, in managing interest rate risks, bond investors must remain flexible. Regarding the Asian bond market, Schroders global investments stated that due to the Chinese government's introduction of new measures to support the real estate market, investor sentiment towards domestic property bonds has improved recently. However, Schroders global investments believe that it will still take some time to observe the performance of domestic property company bonds in the next 3 to 6 months.