(Answered) Bond buyers only expect interest rates to decrease in the near future. Also, the US stock market is…

➤ When might the quantity of bonds traded not increase even if demand rises?
Quantity can stay flat or fall if supply is constrained or issuers reduce new issuance. Market illiquidity, dealer inventory limits, or regulatory constraints can prevent higher trading volume. In those cases demand mainly bids up prices without a proportional rise in traded quantity.