【申万固收|利率】煎熬已过，余波未平——2025年四季度债券市场展望

Core Viewpoint - The article discusses the outlook for the bond market in the fourth quarter of 2025, indicating that while the period of intense pressure has passed, the aftereffects are still being felt [2] Group 1: Market Conditions - The bond market is expected to experience fluctuations due to ongoing economic adjustments and policy changes [2] - Interest rates are projected to stabilize, but the impact of previous rate hikes will continue to influence market dynamics [2] Group 2: Economic Indicators - Key economic indicators suggest a gradual recovery, with inflation rates showing signs of moderation [2] - The unemployment rate is anticipated to remain stable, contributing to a more favorable environment for bond investments [2] Group 3: Investment Opportunities - There are potential investment opportunities in high-quality bonds as market conditions improve [2] - Investors are advised to focus on sectors that are likely to benefit from the economic recovery, such as infrastructure and technology [2]