Group 1 - The bond market has experienced a rapid increase in interest rates since July 21, with the 10-year government bond yield rising from 1.66% to 1.75% and the 30-year yield surpassing 1.99% [1][3] - The adjustment in the bond market is attributed to multiple factors, including the introduction of "anti-involution" policies and rising commodity prices. However, the market expectations stabilized with the important mid-year meetings, reducing concerns and redemption risks [3][4] - As of August 1, the 10-year government bond yield decreased to approximately 1.69%, and the 30-year yield fell to around 1.95% [3] Group 2 - The adjustment in the bond market has directly impacted the net value performance of bond funds, with an average return of -0.12% for pure bond funds from July 21 to August 1, and nearly 80% of these funds reporting negative returns [3] - Nine funds experienced a decline of over 1%, with notable losses in long-term bond funds such as Debon Ruiyu Rate Bond A and Huatai Baixin Zunyi Rate Bond 6-Month Holding A, which reported returns of -1.37% and -1.30% respectively [3] - Several institutions remain optimistic about the bond market, suggesting that the current adjustment may present a reallocation opportunity, with expectations of a stable upward trend in August due to a favorable monetary policy outlook [4]