According to a research report released by China Post Securities, inflation expectations and risk appetite factors that maintained a high level of support period premiums in the second quarter had clearly relaxed by the third quarter. Expectations of interest rate cuts may also return, and reduction of term premiums will gradually become possible. However, the current long and short tug of 30-year treasury bond futures may have just begun. After August, as the pressure to issue government bonds gradually comes to an end, the market transaction pattern may become even more clear.

According to a research report released by China Post Securities, inflation expectations and risk appetite factors that maintained a high level of support period premiums in the second quarter had clearly relaxed by the third quarter. Expectations of interest rate cuts may also return, and reduction of term premiums will gradually become possible. However, the current long and short tug of 30-year treasury bond futures may have just begun. After August, as the pressure to issue government bonds gradually comes to an end, the market transaction pattern may become even more clear.