The 30-year treasury bond futures set a new historical record in the intraday. According to the data, on October 13, the main 30-year treasury bond futures contract once rose to 118.02 yuan, a record high, then the increase declined and settled at 117.79 yuan; the 10-year, 5-year, and 2-year main contracts closed up 0.06%, 0.04%, and 0.01%, respectively. The fall in capital prices and the easing of pressure on bank debt after the holiday season combined with market expectations for further easing of monetary policy, and jointly supported the strengthening of the bond market. Some institutions believe that improved liquidity is expected to open up room for declining bond yields, but in the short term, we still need to pay attention to the effects of steady growth policies and the impact of bond investment management requirements of small and medium-sized banks in some regions on allocation behavior.

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