Sure. After Trump backed down on his worldwide tariff debacle and the electronic exemption for China, which is 23% of their imports (a partial back down), it reduced the panic caused by the tariff debacle.
Good thing he did. Before this boondoggle caused another GFC with a crash of the bond market which he created. I'm sure that as smart as you are you fully understand how that all works.
Rates go up, causing us to head further into debt to pay even more interest that must be borrowed/printed, which leads to even more massive deficits and declines as the rest of the world bails out of lending us money.
Ever hear of the Stockholm syndrome? That's what's going on! The world got beat up and then said, "Oh, my, let me kiss your ass" now that you've stopped beating me.