Group 1 - The bond market has experienced significant adjustments in August, leading to pressure on the net value of many medium- and long-term pure bond funds due to rising interest rates and fund redemptions [1] - Fund managers are adopting different strategies in response to the current market conditions, with some actively positioning for what they see as a buying opportunity, while others are taking a more cautious approach by shortening duration and enhancing liquidity [1][2] - The 10-year government bond yield has fluctuated, dropping below 1.65% in early July and approaching 1.8% by late August, indicating a volatile bond market [2] Group 2 - Some fund managers, like Wang Peng, have begun to increase their positions in the bond market, believing that current yields present a good buying point, with expectations of a potential market rally by year-end [2] - Other managers, such as Hu Zhilei, suggest that the bond market's current pricing offers high value, and they recommend gradually increasing positions to capitalize on potential market recovery [2][3] - There is a cautious optimism among some fund managers regarding the bond market, with expectations of maintaining a low interest rate environment and continued monetary policy support, while also acknowledging the potential for short-term volatility [3]
10年国债收益率逼近1.8% 债市“黄金坑”还是“半山腰”?
Zhong Guo Zheng Quan Bao·2025-08-26 15:51