债市震荡格局何时休？汇安基金固收团队中报拆解

Group 1 - The bond market is under significant pressure while the stock market is experiencing volatility and reaching new highs, leading to investor concerns about the duration of this turbulent bond market environment [1][2] - The investment strategy focuses on maintaining low interest rates and reducing social financing costs to support economic growth, indicating that the bond market may continue to experience wide fluctuations due to supportive monetary policy and fundamental factors [2][4] - The performance of short-duration bond funds has become increasingly attractive amid heightened volatility in the bond market, with specific funds demonstrating strong returns compared to their benchmarks [3][6] Group 2 - The outlook for the bond market suggests that supportive monetary policies will remain in place, but the market may experience narrow fluctuations unless inflation targets or policies to expand domestic demand are introduced [4] - The convertible bond market is benefiting from the recovery in the equity market, with funds maintaining a steady allocation to convertible bonds while focusing on undervalued and fundamentally strong assets [5][6] - The performance of specific funds in the convertible bond sector has been notable, achieving significant excess returns compared to their performance benchmarks, indicating effective management strategies [6]