债市迎政策利好，民生加银鹏程混合A攻守兼备优势显著

Group 1 - The core viewpoint of the articles highlights the recent monetary policy easing in China, with the People's Bank of China lowering the 7-day reverse repurchase rate by 10 basis points to 1.40% and reducing the reserve requirement ratio by 0.5 percentage points, releasing approximately 1.2 trillion yuan in long-term funds [1] - The easing measures are intended to lower financing costs for the real economy and boost market confidence, marking the beginning of a new round of monetary policy easing [1] - The positive impact of the rate cuts on the bond market includes increased available funds in the banking system, alleviating market liquidity pressure, and driving down short-term interest rates, which benefits bond prices, especially high-grade credit bonds [1] Group 2 - In the context of monetary policy easing and increased volatility in equity markets, mixed-asset bond funds are becoming an ideal choice for medium to low-risk investors due to their balanced risk-return profile [2] - These funds typically use bond assets as a base while allocating a portion to equities and convertible bonds to enhance returns, allowing for flexible asset allocation to manage market fluctuations [2] - Key focus areas for the bond market include changes in tariff policies and the sustainability of a loose funding environment, with April showing a generally loose funding situation, which is crucial for the bond market's performance [2] Group 3 - The Minsheng Jianyin Pengcheng Mixed A Fund, managed by Zhao Xiaoqiang, employs a "fixed income foundation + equity enhancement" strategy, showing strong performance with net value growth rates of 2.74% and 4.10% over the past six months and one year, respectively [3] - The fund has outperformed its benchmark with excess returns of 1.76% and 16.85% since inception, demonstrating strong drawdown control capabilities in a volatile market environment [3] - The fund's strategy of combining fixed income and equity investments provides investors with a favorable holding experience, especially during periods of market fluctuations [3]