On February 25th, the recent volatility in the bond market has intensified, and the tight financial situation has become a focus of attention in the industry. Since the Spring Festival, under the influence of multiple factors, the funding situation in the bond market has continued to tighten, and money market funds have replaced large banks as the main providers of capital outflow. The market trading structure has also undergone significant changes. The tight balance of funds has led to difficulties in leveraged trading in the bond market. In this context, the once popular “buy every order” strategy is gradually fading away. Several experts believe that the future direction of the bond market is closely related to the degree of economic recovery, policy orientation, and technological development. (Shanghai Securities News)
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