Huaxi Securities: The supply and demand pattern of bonds has not yet reversed, and the market may continue to narrow range volatility.

Jinshi data news on July 11th, Huaxi Securities research report stated that the recent announcements of Central Bank’s lending and temporary reverse repurchase may cause investors to have divergent views on the trend of long-term Inrerest Rate, but the bond supply and demand situation has not yet reversed. In the stage where the fundamentals, policies, and supply and demand situation have not shown significant changes, the bond market may continue to fluctuate narrowly. There is not much upward risk for the long-term Inrerest Rate, and holding and obtaining coupon income is still relatively advantageous.