Borrowing money for a day is more expensive than for a year! This market is experiencing capital withdrawal.

Jinshi data, February 20th, currently, the short-term Intrerest Rate continues to be higher than the long-term Intrerest Rate, showing a clear inverted trend. This inverted phenomenon further increases the pressure faced by short-term bond funds. More than 200 short-term pure bond funds have turned negative in their returns within the year. Several private sale institutions analyze that in the medium term, the tight balance of funds is difficult to change in the short term. On the one hand, the supply of government bonds will put pressure on the bond market; on the other hand, the increase in investor risk preference for the stock market will further bring downward pressure to the bond market. However, from a long-term perspective, after experiencing market adjustments, the bond market is expected to usher in a better allocation opportunity.