债券熊市的形成往往有多种原因，平安公司债ETF（511030）回撤稳定交投活跃

Core Viewpoint - The article discusses the historical context and reasons behind the formation of bond bear markets, highlighting inflation, economic overheating or recovery, and tightening monetary policies as the main drivers [1] Group 1: Historical Context of Bond Bear Markets - The bond bear markets have historically been triggered by various factors, including economic overheating and high inflation leading to central bank interest rate hikes in 2007-2008 [1] - The "four trillion" stimulus in 2010-2011 caused inflation to rise again, resulting in policy tightening and subsequent bond market downturns [1] - Events such as the "money shortage" in 2013 and strong regulatory policies in 2016-2017 also contributed to liquidity crises and bond market adjustments [1] Group 2: Current Market Analysis - The article notes that the recent bond market adjustment began on February 10, 2025, with a focus on the performance of various bond ETFs [1] - The Ping An Company Bond ETF (511030) has shown the best performance in terms of controlling drawdown, maintaining a relatively stable net value [1] - A table is provided comparing various bond ETFs, detailing their recent performance metrics, including weekly returns and pledge rates [1]