On January 9, the yield of inter-bank main interest rate bonds generally declined, and the yield of the active bond "230026" of 10-year treasury bond bonds fell below the 2.5% threshold, closing at 2.486%, near the five-year low. Several bond traders and analysts interviewed stated that it is reasonable to start the year ahead of the market trend, coupled with weak economic fundamentals and a high possibility of easing at the beginning of the year. The current bet on interest rate cuts is constantly increasing, and banks and other institutions also have funding needs in the face of asset shortages.