$TREASURIES - There may be value in longer-dated Treasuries due to increased term premium in the yield curve, as indicated by its steeper slope for a given level of policy rate.
$VOL - Historical patterns suggest potential for increased rate volatility, particularly if policy announcements via social media platforms become prevalent again.
Bearish:
$BONDS - The significant shift in market expectations for the Fed's terminal rate, now pricing in 4% compared to previous expectations of 2-3%, suggests higher rates for longer, which could be negative for bond prices.
$TREASURIES - The unusually high budget deficit of 6-7% of GDP during near full employment could lead to increased Treasury issuance and potentially higher yields, putting pressure on Treasury prices.
$GILTS - The UK faces a challenging economic situation with fiscal issues and sticky inflation similar to the US, but without the labor supply and productivity benefits, potentially putting pressure on UK government bonds.