After the "race" trading, the bond market entered a period of turbulent adjustment.

Golden Ten Data reported on December 20 that although the short-term bond market will be affected by multiple factors such as policy expectations, occasional supply and demand disturbances, and even market sentiment; However, in the medium to long term, monetary policy and economic fundamentals still determine the trend of the bond market, and the latter plays a fundamental role. The return of monetary policy to the tone of "moderate easing" after many years has undoubtedly brought great long momentum to the bond market, which is also in line with the general law of rapid adjustment of bond market yields at the beginning of the monetary policy cycle. In addition, although the bond market yield has fallen rapidly since last week, the Intrerest Rate in the capital market has been relatively restrained, and the 7-day fund (DR007) Intrerest Rate and the 10-year Treasury bond yield have once "inverted", indicating that the Intrerest Rate bond strength has been more extreme, and the possibility of a shock pullback has become greater. Judging from the flow of funds in the bond market this week, there have been trading orders taking profits and bank funds selling, which also reflects that the space for further downward movement of bond yields in the short term is relatively limited.

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GateUser-5a2fdc32vip
· 2024-12-19 23:42
bull rebound speed return 🐂
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