Since the beginning of this year, the bond market has shown a characteristic of fluctuations in interest rate Bonds and credit Bonds. Zhang Rui, General Manager of the Fixed Income Department of Anxin Fund, stated that after a correction, the allocation space for credit Bonds has emerged, allowing for the selection of some Bonds with good credit quality and a yield of over 2.3%. Bonds with maturities of seven years or less have already approached the highs seen around last year's National Day, while ultra-long Bonds (10 years, 30 years) are still at the levels of early December last year, which may still have adjustment space.