Golden Finance reported that Henry Allen, an analyst at Deutsche Bank's research department, said in a report that it is entirely possible that the U.S. Treasury yield curve will steeper further sharply. This steepening situation—that is, the widening gap between short-term and long-term Treasury yields—may be due to a decline in short-term Treasury yields or a rise in long-term Treasury yields. The macro strategist said the Fed still plans to cut interest rates further, and its dot chart forecast shows that it will cut interest rates twice this year. This will drive short-term Treasury yields lower. Similarly, he also said that the potential fiscal stimulus brought about by Trump's tax cuts extension will push up long-term Treasury yields.