Increased volatility in the bond market leads small and medium-sized banks to shift their bond-buying strategies.

Against the background of rising interest rates and volatile bond market operation, the behavior of bond investment by small and medium-sized banks is undergoing changes. Several industry insiders have stated that although the inertia of buying bonds during the "opening red" period is still present, the core goal of bank bond allocation has gradually shifted from extending duration and seeking capital gains to early allocation around idle funds and stable receipt of coupon income. In this process, banks have become more refined in account management, with increased proactivity in bond allocation, and bond investment as a whole has returned to a defensive mindset.