After the regulatory interview, the upward trend of long-term bonds was temporarily blocked, and the supply of interest rate bonds decreased, superimposed easing expectations catalyzed long momentum

On December 23rd, the agency believes that the bond market's response to the central bank's expected management may have ended, but the New Year's Eve market may not have ended. Before the New Year's Eve, the certainty of the continued strength of the bond market was relatively clear. It is recommended to maintain short-term positions and not easily take profits, but you can consider switching your holdings to more liquid securities to flexibly cope with the possible changes after the New Year's Eve.