Under the escalation of geopolitical risks, investors' risk appetite has declined, and safe-haven funds are rushing into the bond market. Tensions in Venezuela have attracted global attention, and U.S. Treasuries, as a traditional safe-haven instrument, have regained favor, causing their yields to fall accordingly. This shift is especially evident in long-term government bond products, with long-duration bond products like TLT experiencing a slight increase. When local conflicts intensify, investors tend to reduce their risk exposure and instead allocate to fixed-income assets with relatively stable yields and lower risk premiums. This round of market movement fully reflects concerns about uncertainty and expectations of a downward trend in U.S. Treasury yields.