Geopolitical tensions have recently escalated again. As U.S. actions in Venezuela intensify, market risk sentiment has notably declined, with substantial capital flowing into safe-haven assets. U.S. Treasury yields have fallen in response, and investors are rushing to allocate long-term bonds to lock in returns. Boosted by this, TLT, a long-duration bond proxy product, has shown moderate upside performance, becoming an important tool for risk mitigation. Overall, the decline in yields not only reflects market concerns about geopolitical risks but also demonstrates investors' strong preference for safe assets.