The "chicken flying and eggs hitting" controversy is gradually subsiding, and institutions are closely watching multiple windows of the bond market.

Golden Ten Data reported on October 17, "I didn't expect that the debt base could also 'set people'." "Before, the debt base fell dizzy, and the income accumulated for three months fell in one day, but fortunately, it has come out of the adjustment." After the "chicken and egg fight" of the bond base since the end of September, many investors lamented that the decline of bond funds is also at a loss. Although the improvement of medium- and long-term policy expectations will hinder the continuous decline of long-term interest rates, the market has limited room for significant adjustment when redemption pressure eases and the People's Bank of China may take measures to maintain the stability of the bond market.