The prices of US government bonds rise and fall alternately, and the upcoming intensive corporate bond issuance will put pressure on long-term bonds.

US Treasury bonds fluctuated on Friday's close, influenced by the fading buying pressure at the end of the month, and the upcoming issuance of $550 billion in corporate bonds expected in the coming week, creating pressure on long-term bonds. In terms of short-term Treasury bonds, the yield on two-year bonds decreased, reflecting intact expectations for the Fed to cut interest rates this year. This dynamic has caused the yield curve to exhibit a so-called "twisted and steep trend". It is expected that $550 billion in corporate bonds will be issued next week, with most sales likely to occur between next Tuesday and Thursday, between the US holiday on Monday and the release of non-farm employment data on Friday.