[Some Institutions Receive Regulatory Warnings, Urged to Strengthen Bond Investment Risk Management] According to Zhitong Finance, long-term bond yields have accelerated their decline this week. As of the close on October 14, the 10-year government bond yield stood at 1.64%, approaching historical lows. Sources familiar with the matter revealed that, in response to the recent surge in trading activity for long-term government bonds, some securities firms and banks have received warnings from regulatory authorities, urging these institutions to strengthen their bond investment risk management. Industry insiders believe that the central bank has repeatedly emphasized the need to enhance macroprudential management of financial markets and is paying close attention to market operations. It is not ruled out that macroprudential management measures may be taken against institutions with overly aggressive trading behavior in the future.