Currently, the bond market remains highly focused. Recently, reporters interviewed five major Brokerage asset management institutions to analyze the logic and impact behind the fluctuations in the bond market. Brokerage asset management generally believes that the bond market can still maintain a relatively positive stance in 2025, but expects increased volatility. Some investment managers candidly stated that the cost-performance ratio for allocations in the bond market in 2025 has decreased. Regarding the recent downward fluctuations in the yields of 10-year and 30-year government bonds, some institutions believe that the decline in risk-free interest rates may be Bullish for capital to flow back into Stocks and other risk assets. (Securities Times)