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On August 9, the “bull-bear showdown” in the treasury bond market that lasted for a week came to an end.

According to Wind data, the bond market was cautious throughout the day. By the close of trading, the volume of active 10-year bond transactions had shrunk to around 630.

Two days ago, the National Association of Financial Market Institutional Investors issued announcements for two consecutive days, targeting the illegal behavior of small and medium-sized financial institutions, and launched a self-discipline investigation on four rural commercial banks. Market participants believe that these two announcements have a deterrent effect on the bulls in the market, so the market trend on August 9 tends to be cautious.

Market participants believe that this announcement stems from the "bull-bear showdown" in the bond market this week. Since the rumor of the central bank's involvement in selling government bonds on Monday (August 5), the bond market has been experiencing a large degree of volatility.

It is worth noting that the trend of bond interest rates will have a significant impact on bank wealth management and bond funds. On the evening of August 9, the central bank once again reminded in its second quarter monetary policy implementation report that investors should pay moderate attention to the trend of long-term bond interest rates and be careful not to take over at high prices.