债市牛熊之辩期：主导债市的逻辑是什么？

Summary of Conference Call Company/Industry Involved - The conference call is focused on the macroeconomic environment and fixed income markets, specifically hosted by KaiYuan Securities for professional investment institutions [1] Core Points and Arguments - The call discusses the logic behind the current market conditions, particularly the transition between bull and bear markets in the context of macroeconomic factors and fixed income [1] Other Important but Possibly Overlooked Content - The meeting is structured to cater specifically to professional investment institutions, indicating a targeted approach to discussing complex financial topics [1]