Group 1 - The equity market has recently reached new highs, with the Shanghai Composite Index surpassing 3600 points, leading to disturbances in the bond market due to the "stock-bond seesaw" effect [1] - The 10-year government bond yield has risen sharply to 1.73% as of July 25, marking a year-to-date high, driven by rising inflation expectations and changes in the funding environment [1] - Citic Securities attributes the recent bond market pullback to increased inflation expectations, high previous market congestion, and marginal changes in the funding environment [1] Group 2 - Huaxi Securities predicts that the bond market may have already passed its most challenging phase, with expectations of improved funding conditions supported by the central bank's actions [1] - The central bank's proactive measures, including a net injection of 100 billion yuan through MLF and a significant reverse repo operation, indicate a commitment to stabilizing the funding environment [1] - The bond market is expected to benefit from the central bank's continued support, particularly for mid-to-short-term and credit bonds [1] Group 3 - Huian Fund's research team notes that after significant redemptions, the central bank's large net injection has stabilized market sentiment, leading to cautious short-term expectations for interest rates [2] - Investors are advised to consider short-duration bond funds, which are less affected by interest rate fluctuations, as a preferred option for managing liquidity needs [2] - Specific funds, such as Huian Yongli 30-day holding period short bond fund and Huian Yongfu 90-day holding period medium-short bond fund, have consistently achieved positive returns since their inception [2] Group 4 - For investors looking to participate in equity markets while managing risk, the Huian Quality Selected Bond Fund, which focuses on high-quality central enterprise credit bonds and dividend-quality stocks, is recommended [3] - This fund has a unique performance benchmark designed to balance returns from quality credit bonds and stocks, aiming for stable growth [3] - The fund is currently available for subscription across major channels, appealing to investors seeking steady progress [3]

Group 1 - The core viewpoint of the articles highlights the significant growth in public fund management scale, reaching a historical high of 34.05 trillion yuan by the end of Q2 2025, driven by increasing investor interest in bond funds, which have become the second-largest fund type after money market funds [1] - Bond funds have seen a substantial increase in scale, with a growth of 865.32 billion yuan in Q2 2025, bringing the total to 10.77 trillion yuan [1] - Huian Fund has gained industry recognition in the pure bond investment sector, ranking 28th out of 82 in absolute return among pure bond funds with an average return of 31.05% over the past seven years [1] Group 2 - Several products from Huian Fund have been included in the bond fund "egg collection" list, with a focus on short-term bond funds designed for liquidity and transitional allocation [2] - The Huian Yongfu 90-day holding period short bond fund has gained popularity due to its consistent positive returns since its inception, achieving a total scale of 1.974 billion yuan by the end of Q2 2025, reflecting a growth of 897% from the previous quarter [2] - Different short bond funds have varying strategies; for instance, the Huian Yongfu fund employs strategies such as duration adjustment and high-grade credit bond selection while maintaining a focus on risk control and liquidity [3]