The central bank increases its intervention in the money market, stabilizing the funding situation and supporting the recovery of the bond market.

The central bank is taking measures to safeguard liquidity. On July 15th, the central bank conducted 342.5 billion yuan of reverse repurchase transactions and initiated buy-back reverse repurchase operations with a total scale of 1.4 trillion yuan as planned. Analysts believe that the central bank's accelerated operation pace and strengthened policy communication release signals of stabilizing expectations and credit, which will help alleviate liquidity disturbances. With stable liquidity conditions, the bond market's recovery window is expected to gradually open.