Bond markets remain uneasy, yet there appears to be a slight easing in sentiment, as noted by Erik Liem from Commerzbank Research in a report. The interest rate strategist indicated that US President Trump's upcoming speech in Davos could signal renewed market volatility, as he might address topics such as Greenland and issues concerning the Federal Reserve. With the World Economic Forum in Davos highlighting current geopolitical tensions, analysts believe concerns over the Federal Reserve's independence could become the dominant theme in US markets later today—a Supreme Court hearing is scheduled to consider whether President Trump can remove Federal Reserve Governor Lisa Cook.