diff --git a/pyo3-macros-backend/src/method.rs b/pyo3-macros-backend/src/method.rs
index 357560aacba..42f22204601 100644
--- a/pyo3-macros-backend/src/method.rs
+++ b/pyo3-macros-backend/src/method.rs
@@ -513,7 +513,7 @@ impl<'a> FnSpec<'a> {
                         holders.pop().unwrap(); // does not actually use holder created by `self_arg`
 
                         quote! {{
-                            let __guard = _pyo3::impl_::coroutine::RefGuard::<#cls>::new(_pyo3::Bound::from_borrowed_ptr(py, _slf))?;
+                            let __guard = _pyo3::impl_::coroutine::RefGuard::<#cls>::new(&_pyo3::impl_::pymethods::BoundRef::ref_from_ptr(py, &_slf))?;
                             async move { function(&__guard, #(#args),*).await }
                         }}
                     }
@@ -521,7 +521,7 @@ impl<'a> FnSpec<'a> {
                         holders.pop().unwrap(); // does not actually use holder created by `self_arg`
 
                         quote! {{
-                            let mut __guard = _pyo3::impl_::coroutine::RefMutGuard::<#cls>::new(_pyo3::Bound::from_borrowed_ptr(py, _slf))?;
+                            let mut __guard = _pyo3::impl_::coroutine::RefMutGuard::<#cls>::new(&_pyo3::impl_::pymethods::BoundRef::ref_from_ptr(py, &_slf))?;
                             async move { function(&mut __guard, #(#args),*).await }
                         }}
                     }
diff --git a/src/impl_/coroutine.rs b/src/impl_/coroutine.rs
index 199208f69d1..9be95ba3303 100644
--- a/src/impl_/coroutine.rs
+++ b/src/impl_/coroutine.rs
@@ -39,10 +39,10 @@ fn get_ptr<T: PyClass>(obj: &Py<T>) -> *mut T {
 pub struct RefGuard<T: PyClass>(Py<T>);
 
 impl<T: PyClass> RefGuard<T> {
-    pub fn new(obj: Bound<'_, PyAny>) -> PyResult<Self> {
-        let owned = obj.downcast_into::<T>()?;
+    pub fn new(obj: &Bound<'_, PyAny>) -> PyResult<Self> {
+        let owned = obj.downcast::<T>()?;
         mem::forget(owned.try_borrow()?);
-        Ok(RefGuard(owned.unbind()))
+        Ok(RefGuard(owned.clone().unbind()))
     }
 }
 
@@ -67,10 +67,10 @@ impl<T: PyClass> Drop for RefGuard<T> {
 pub struct RefMutGuard<T: PyClass<Frozen = False>>(Py<T>);
 
 impl<T: PyClass<Frozen = False>> RefMutGuard<T> {
-    pub fn new(obj: Bound<'_, PyAny>) -> PyResult<Self> {
-        let owned = obj.downcast_into::<T>()?;
+    pub fn new(obj: &Bound<'_, PyAny>) -> PyResult<Self> {
+        let owned = obj.downcast::<T>()?;
         mem::forget(owned.try_borrow_mut()?);
-        Ok(RefMutGuard(owned.unbind()))
+        Ok(RefMutGuard(owned.clone().unbind()))
     }
 }