[The seesaw effect of stocks and bonds reappears The 10-year treasury bond yield returned to above 1.7%] August 28th, the major A-share indexes collectively closed up on August 27, with the Science and Technology Innovation 50 Index rising 3.77%; the bond market was under pressure and pulled back, with treasury bond futures closing down across the board, with the 30-year variety falling below the 116 yuan mark, and the 10-year treasury bond yield returning to above 1.7% after ten trading days. The stock-bond seesaw effect reappeared. As the trends of stocks and bonds diverge, multiple factors affecting the bond market are also changing. Industry insiders believe that a further decline in government bond yields requires stronger driving factors, and the bond market may gradually bid farewell to unilateral trends and enter a stage of increased volatility.