Industry insiders expect that the People's Bank of China's buying and selling of government bonds will be more flexible in terms of pace, scale, and term.

The central bank will resume open market operations for the trading of government bonds, once again sending a signal that stability in growth and risk prevention are equally important. Industry insiders indicate that this round of operations is expected to be more flexible in terms of pace, scale, and maturity structure compared to last year's, providing a safeguard for the stable operation of the market in the fourth quarter and creating conditions for proactive fiscal policies. Market sentiment in the bond market has significantly improved, with long-term interest rates stabilizing technically. However, institutions generally believe that the current loose monetary policy expectations still need to be verified, and the medium to long-term trend of bond yields will still depend on further development in fundamentals and policy coordination.