The New Year's Eve period has passed, and the phased financial turmoil has gradually subsided. Although treasury bond yields once showed a slight upward trend due to monthly and New Year's Eve factors, many institutions believe that judging from the capital interest rate center and monetary policy direction, the current liquidity environment still maintains a relaxed pattern. Looking ahead to 2026, the trend of low capital fluctuations is expected to continue in a context where demand for steady growth still exists and monetary policy maintains a “moderately loose” tone.

The New Year's Eve period has passed, and the phased financial turmoil has gradually subsided. Although treasury bond yields once showed a slight upward trend due to monthly and New Year's Eve factors, many institutions believe that judging from the capital interest rate center and monetary policy direction, the current liquidity environment still maintains a relaxed pattern. Looking ahead to 2026, the trend of low capital fluctuations is expected to continue in a context where demand for steady growth still exists and monetary policy maintains a “moderately loose” tone.