The bond market has seen differentiation between long and short ends, institutions say they may enter a "slow bull market".

On May 7th, the policy of reducing reserve requirements and interest rates was introduced, and the trend of short-term and long-term interest rates in the bond market diverged significantly. Industry insiders said that there is still downward space for short-term interest rates in the bond market, while long-term interest rates need to wait for further declines in funding rates to break through. Overall, with the continuation of loose policy expectations, the bond market is expected to enter a "slow bull" phase. Institutions suggest that short-term investors take profits on highs and long-term funds gradually increase their positions in short to medium-term bonds.