新华财经北京7月30日电（王菁）债市周三（7月30日）显著回暖，重要会议内容落地后，前期市场谨慎 情绪基本出尽，国债期货全线收涨，银行间现券收益率平均回落3BPs左右；公开市场单日净投放1585 亿元，短端资金利率延续回落。 机构认为，会议对房地产和"反内卷"等热点表述较为温和，一定程度上提振债市情绪。当前基本面仍持 稳，固收资产虽不具备持续走牛的条件，但也缺乏走熊基础，调整或仍可视为阶段性买入机会。 【行情跟踪】 国债期货收盘全线上涨，30年期主力合约涨0.40%报118.36，10年期主力合约涨0.15%报108.3，5年期主 力合约涨0.08%报105.63，2年期主力合约涨0.03%报102.336。 【一级市场】 农发行1.074年、3年、10年期金融债中标收益率分别为1.3883%、1.6893%、1.8411%，全场倍数分别为 2.3、4.24、2.76，边际倍数分别为1.67、1.17、6.67。 【资金面】 公开市场方面，央行公告称，7月30日以固定利率、数量招标方式开展了3090亿元7天期逆回购操作，操 作利率1.40%，投标量3090亿元，中标量3090亿元。数据显示，当日1505亿元逆 ...

Core Viewpoint - Over 80% of pure bond funds have achieved record high performance, driven by strong institutional demand and central bank interest rate cuts, with nearly 95% of these funds showing positive net value growth in 2023 [1][2]. Group 1: Performance of Bond Funds - As of June 13, 2023, approximately 95% of the 2,440 pure bond funds reported positive net value growth, with 2,002 funds reaching new highs in June, accounting for over 82% [2]. - Notable performers include Bosera Yutong Pure Bond 3-Month A and Guotai Ruiyuan One-Year Open Fund, with net value growth rates of 4.16% and 4.01% respectively [2]. Group 2: Market Drivers - The bond market's strong performance is attributed to a combination of sustained monetary easing and robust demand for allocation, particularly following the central bank's recent rate cuts and reserve requirement ratio reductions [2][3]. - The shift of funds from low deposit rates to the bond market, along with a preference for safe-haven assets amid external volatility, has further bolstered the bond market's liquidity [2]. Group 3: Future Market Outlook - The bond market is expected to maintain a volatile upward trend in the second half of the year, characterized by amplified interest rate fluctuations and rapid market developments [3][4]. - The macroeconomic environment shows signs of moderate recovery, with resilient consumption and export sectors, while the central bank is likely to continue its accommodative policy stance [3]. Group 4: Investment Strategies - Investors are advised to consider switching between interest rate bonds and credit bonds, focusing on opportunities arising from the transition of government bonds and the relative value of long-term local government bonds [5][6]. - Specific recommendations include mid-to-short duration urban investment bonds and long-duration local government bonds, which are expected to offer a balance of safety and yield [6].