After the Central Bank of China rarely mentioned long-term treasury bond yields on April 23, debt bulls experienced a “sharp turn” on the 24th, and cash futures fully recovered. A number of bond investment managers operated by brokerage firms and bank financial management said that the central bank's views seem to have had a certain impact on the bond market. A number of industry insiders said that a short-term correction in the bond market is expected. Since March, most institutions have begun to take a more cautious approach to long-term debt. Industry insiders believe that it is still difficult for bond yields to rise sharply in the medium term, and range shocks are still a probable event. Wang Tao, chief economist at UBS China, said that the government is less willing to further increase policy support in the short term. It is expected that the central bank may not lower MLF interest rates in 2024, and there is still room for a reduction in LPR. (First Finance)