光大证券研究·2025-11-08 00:05Group 1 - The article emphasizes the importance of a quantitative asset allocation strategy based on the yield curve, specifically using the Nelson-Siegel model to describe the dynamics of the yield curve through three factors: level, slope, and curvature [5] - The developed duration rotation strategy has an annualized return of 4.63%, indicating a long-term and stable excess return compared to the benchmark [5] - As of October 31, 2025, the model signals a preference for allocating to long-duration interest rate bonds [5] Group 2 - The article highlights the weekly report from Everbright Securities Research, which compiles key insights across macroeconomic, industry, and company research to assist investors in clarifying investment opportunities [4]