Jin10 reported on June 10 that Xinda Securities stated in a report that despite the significant increase in the maturity of time deposits in June, investment institutions are also facing reinvestment pressure. As overnight interest rates stabilize and ease, the demand from non-bank institutions has been clearly released, and the interest rates on time deposits are expected to continue to decline. Considering the actual loosening of funding interest rates and the potential space brought about by the Central Bank's bond purchases, short-term interest rates are expected to continue to decline, which may open up downward space for long-term rates, gradually moving towards lower levels.