[hot institutions for trading ultra-long bonds since April warned that it is not appropriate to continue to chase more] the Financial Associated Press, April 20, since April, ultra-long bonds have emerged from a wave of the market. From April 1 to April 19, the yield on 30-year Treasuries fell 5.32 basis points from 3.2407% to 3.1875%, according to the data. Market participants believe that the decline in ultra-long bond yields since March is partly due to the growing "long sentiment" of the bond market and the "blunt" response to the data, and partly due to the increased pressure on the underallocation of insurance funds in the context of the "asset shortage". As a result, a large net increase in ultra-long debt holdings. However, a number of market participants also warned that from the perspective of institutional behavior and fundamentals, it is difficult for ultra-long bond yields to continue to decline sharply in the future. A bond fund manager also said that the ultra-long bond market belongs to the partial tail interpretation of the long sentiment in the bond market, and insurance companies and other institutions are expected to have stop-profit pressure, so it is not recommended to continue to pursue more. (Shanghai Stock Exchange News)