On Wednesday, the US Treasury bond market will face another major test. The US will auction 70 billion US dollars of five-year bonds at 1 p.m. EST. This week's massive supply will help determine if this is a turning point for the market. This round of sharp decline in treasury bonds once pushed two-year US bond yields past the 5% mark. This level may attract bond managers seeking to invest in short-term bonds. Elias Haddad, senior market strategist at Brown Brothers Harriman Bank, said that demand for US Treasury bonds is rock-solid, which shows that there are no immediate concerns about US fiscal squandering. Bank of America strategist Mark Cabana proposed increasing five-year treasury bonds earlier this month, saying that compared with longer-term treasury bonds, five-year treasury bonds have caught the low point of the Fed's interest rate cuts and are less affected by heightened supply concerns.