Since 20 18, bonds have entered a small bull market, and the recent reversal of bond funds has continued to fall, which is very consistent with the trend of national debt.

The reason is simple: 10-year bond yields go down, which means the bond market goes up. For the yield of 10-year bonds, the full name is 10-year bonds yield to maturity, and the yield to maturity is inversely proportional to the bond price.