国债期货创近6个月新低 机构再度平衡股债配置

Group 1 - The core viewpoint of the articles highlights a significant decline in bond futures, with the 30-year and 10-year contracts reaching new lows since March 24, driven by inflation data and market sentiment [1][2] - The 30-year main contract reported at 114.76 yuan, down 1%, and the 10-year main contract at 107.49 yuan, down 0.27%, indicating a notable market adjustment [1] - The August CPI showed a year-on-year decrease of 0.4%, while the PPI decreased by 2.9% year-on-year, which has raised concerns in the bond market [1] Group 2 - The bond market is experiencing increased volatility, with the cumulative yield of the China Bond Composite Index at only 0.45% year-to-date, significantly below expectations for bond investors [2] - Analysts suggest that bonds are currently viewed as a "weak asset," and a shift towards short-duration strategies is becoming prevalent among fund managers [2] - The preference for equities over bonds is attributed to institutional rebalancing, which influences capital allocation between these asset classes [2]