利率债逐渐“放晴” 汇安裕同配置价值升温

Core Viewpoint - Recent positive changes in fundamentals, liquidity, and central bank attitudes have led to an increase in bullish sentiment in the bond market, particularly for interest rate bonds, which are expected to continue performing well in the coming months [1] Group 1: Market Outlook - The bond market is likely to remain in a bullish phase from June to August, driven by fiscal stimulus and a stable growth agenda, with monetary policy expected to maintain a loose stance [1] - The bond market is anticipated to shift towards interest rate bonds, suggesting that investors should maintain duration to await positive developments [1] Group 2: Fund Performance - The Hui'an Yutong Pure Bond Fund focuses on policy financial bonds, which offer higher yields and lower credit risk compared to other financial bonds, making it an attractive investment option [2] - Since its inception on June 22, 2022, the Hui'an Yutong Pure Bond Fund A has achieved a cumulative return of 11.96%, significantly outperforming its benchmark of 7.19% [2] Group 3: Investment Strategy - The Hui'an Yutong Pure Bond Fund employs a dual strategy of "bottom warehouse + trading" to capture stable coupon income while also engaging in opportunistic trading to enhance returns [2] - Short-term trading strategies suggest that investors should capitalize on the liquidity improvement following the end of the quarter, particularly focusing on long-term interest rate bonds [2]