Regarding this interest rate cut, the central bank said that this interest rate adjustment is still a neutral operation. China has basically possessed the basic conditions to further promote the interest rate marketization reform. China will continue to promote the marketization of deposit interest rates in an orderly manner, and timely promote the issuance of certificates of deposit by enterprises and individuals. From the point of view of deposit interest rate, the slight reduction of deposit benchmark interest rate combined with the expansion of interest rate floating range is conducive to maintaining the positive interest rate at an appropriate level and maintaining the reasonable real income of depositors. Judging from the loan interest rate, the benchmark interest rate still has important guiding significance for the pricing of financial products. The sharp reduction of the benchmark interest rate will directly lower the loan pricing benchmark and drive down the pricing of other financial products such as bonds. The timing of this interest rate cut is very good. 10, the growth rate of many core economic indicators, such as investment in fixed assets and total retail sales of social consumer goods, all hit new lows, releasing the signal of increasing downward pressure on China's economy. Asymmetric interest rate cuts can guide the transfer of bank profits to the real economy, help stimulate the real estate and infrastructure industries, and help enterprises, especially small and medium-sized enterprises with low ability to resist economic downturn, tide over the difficulties. The capital market will also directly benefit from interest rate cuts. In the short term, a comprehensive interest rate cut will directly benefit the bond market and government bond futures. Looking at loan-to-deposit ratio's adjustment and asymmetric interest rate reduction together, the pressure on banks to absorb reserves may be relatively small next year, which is meaningful for reducing bank liabilities and social financing costs. In the long run, we expect that the easing policy will continue and the downward pressure on the economy will be even greater. We don't rule out the possibility of cutting interest rates again. The bond market is expected to continue the bull market and support the maturity bonds to fluctuate upwards. I believe that after reading the article, what impact does the central bank's interest rate cut have on the treasury bond futures market? I also have a deep understanding.