债基为何也"玩心跳"？ 债券基金稳健的形象正在面临考验。 12月以来，债市再度遭遇逆风，10年期国债收益率冲高1.8723%，叠加地产信用风波与各种市场传闻，多只债基净值"跳水"。华宸未来稳健添利A近一月暴 跌7.72%，年内收益一朝清零，更将净值砸回两年前水平；作为纯债产品的汇添富丰和纯债A，年内跌幅累计超过7%，投资者直呼"跌出了股基的感觉"。 伴随净值下跌，赎回压力同步显现。作为三季度"失血王"的债基再度遭遇大额赎回，四季度近60只产品因大额赎回紧急提高净值精度。不过，第一财经从部 分机构人士处了解到，近期纯债产品赎回情况已渐趋平稳，叠加年末持续营销等因素，债基整体规模仍保持净流入。此外，"固收+"产品成为这一阶段的重 点营销项目。 那么，此轮调整原因为何？长城基金固定收益研究部副总经理吴冰燕告诉第一财经记者，本轮市场调整并非由基本面或资金面的实质性变化所主导，更多是 市场情绪波动叠加机构行为调整引发的阶段性波动。 展望后续，吴冰燕提示，市场接下来核心关注点集中在会议释放的政策增量信息，包括明年宏观政策基调、货币与财政政策协同方向、稳增长与防风险的平 衡措施等。"这些信息将直接影响机构对后续市场走势的判 ...

Group 1: Market Overview - In July, 115 new funds were established, raising over 900 billion shares, indicating a warming trend in the market [1] - The A-share market showed volatility with the Shanghai Composite Index closing at 3609.71 points, up 0.33%, while the Shenzhen Component Index and the ChiNext Index reached new highs since November last year [1] Group 2: Fund News - No new funds were launched on July 29, but 16 funds distributed dividends, with the highest being 0.5810 yuan per 10 shares for the Jin Xin Min Da Pure Bond Fund [2] - Over 90% of active equity funds recorded positive returns by the end of July, leading to a surge in new equity fund issuances [2] - The number of domestic QDII funds reached 319, with a total scale of 683.77 billion yuan, marking an 11.85% increase from the end of last year [2] Group 3: Fund Performance - The best-performing fund on July 29 was the Kai Shi Lan Long Tou Economic One-Year Holding Mixed Fund, with a daily growth rate of 6.8416% [3] - The top equity fund was the Guo Lian An Technology Power Stock Fund, with a daily growth rate of 5.7455% [4] - The top QDII fund was the Guang Fa Zhong Zheng Hong Kong Innovation Drug ETF, with a daily growth rate of 4.5815% [4]