Recently, the bond market has surpassed expectations. On August 5, the bullish sentiment in the bond market continued. The yield on active 10-year treasury bonds once fell below the 1.7% key mark during the intraday period, and the yield on active 30-year treasury bonds continued to be low during the year. Industry insiders said that this round of breakthroughs in the bond market was not driven by a single advantage, but rather the result of a combination of factors such as opening up space for policy imagination, uneven financial balance, changes in institutional behavior, and falling risk appetite. However, the 10-year treasury bond yield did not quickly move away from this critical point after falling below 1.7%, indicating that the market is still divided at the critical juncture. Whether the bond market can further open up room for downside remains to be seen in the future.

Recently, the bond market has surpassed expectations. On August 5, the bullish sentiment in the bond market continued. The yield on active 10-year treasury bonds once fell below the 1.7% key mark during the intraday period, and the yield on active 30-year treasury bonds continued to be low during the year. Industry insiders said that this round of breakthroughs in the bond market was not driven by a single advantage, but rather the result of a combination of factors such as opening up space for policy imagination, uneven financial balance, changes in institutional behavior, and falling risk appetite. However, the 10-year treasury bond yield did not quickly move away from this critical point after falling below 1.7%, indicating that the market is still divided at the critical juncture. Whether the bond market can further open up room for downside remains to be seen in the future.