Citigroup's interest rate strategists stated in a report that the previous rise in global short-term bond yields may be losing momentum and will likely experience a brief pause at least in the short term. There are still some factors unfavorable to the bond market, including the first trade agreement reached between the U.S. and the U.K., the voting divergences at last week's Bank of England meeting, and the Federal Reserve's wait-and-see stance. In addition, substantive progress has also been made in the China-U.S. trade negotiations.