China's interbank bond market is experiencing a significant decline in interest rates, with the 10-year bond's yield reaching a new record low of 1.72%. The yield on the 30-year bond, known as '24 Special Bond 06', has also decreased by 3.25 basis points to 1.9750%, setting a new low since February 23, 2005. This trend indicates a continued easing of monetary policy, as the government seeks to stimulate economic growth and alleviate debt burdens. The lower interest rates are expected to have a positive impact on the country's economic recovery, making it easier for businesses and individuals to access credit and invest in the market.