ChainCatcher news, according to reports from Jinshi, Guotai Junan Securities research report points out that the Chinese bond market shows a 'bear steepening' characteristic, with the yield curve shifting upward overall, and the yield spread between 10Y and 2Y widening, while AAA-rated credit bond yields generally rise. U.S. Treasuries, on the other hand, exhibit a 'bull flattening' characteristic, with the yield curve moving downward overall and the yield spread between 10Y and 1Y narrowing. Powell stated at the Jackson Hole Economic Symposium on August 22 that the balance of economic risks has changed, borrowing costs are dragging down the economy, inflation risks are controllable, signaling a high probability of interest rate cuts in September.