Stocks and bonds see a weakening seesaw effect, institutions cautiously look at the bond market in the first quarter.

Since the beginning of 2026, the bond market has been consistently weak. Many market insiders interviewed by Securities Times reporters said that the recent bullish trend in the stock market has exerted significant pressure on the bond market. At the same time, the bond market is also facing multiple pressures such as increasing supply of ultra-long-term bonds, making it difficult for prices to rise. Institutions generally believe that there is still a lot of uncertainty in the bond market in the first quarter. The early-year market may continue the trading momentum that was previously dominant - with the short end relatively stable when interest differentials are low, and the long end limited in overall opportunities due to a lack of systemic bullish factors.