The bond market continues to soar at the beginning of the year! What's the outlook for the future? Institutions speak out.

On January 6, Jinshi data, in the first week of 2025, the bond market continued to rise, and the yield of 10-year government bonds once fell below 1.6%, finally maintaining at the level of 1.6% on January 3, while the yield of 30-year government bonds also fell below 1.85%. Analysts from institutions believe that the pace of substantial repair of the economic fundamentals still needs to be observed. In addition to the wide monetary support, it is still expected that the interest rate of the bond market will Fluctuate downward. However, in the short term, the bond market faces many disturbing factors. The current market has significantly priced in expectations of interest rate cuts and reserve requirement cuts in advance. Meanwhile, changes in fundamentals, funding, government bond supply, institutional allocation forces, and incremental funds in the bond market may also show marginal changes. The characteristics of a volatile market will become more apparent, and the Fluctuation adjustment may also increase.