Lates News

CITIC Securities released a research report pointing out that since May, long-term bond interest rates have been weak and fluctuating. Recently, investors have two main concerns about the bond market: one is the worry that some institutions may have a large number of preventive redemptions of fund holdings, and the other is the concern that banks may actively sell bonds near the end of the quarter in order to realize floating profits in their OCI accounts. Based on data observations, CITIC Securities believes that institutional behavior disruptions are not the main driving factors affecting the recent pricing of the bond market. The fundamental factors driving investor choices and market sentiment still lie in judgments and reflections on macro factors such as funds, tariffs, and fundamentals. The risk of a significant upward adjustment in long-term bond interest rates in the short term is limited, but whether short-term easing can be realized and trigger a downward breakthrough still remains to be seen and will continue to be a key focus for the market.