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Recently, public fund institutions such as Bank of China Fund, China Europe Fund, and Debon Fund collectively disclosed the second quarter reports of their bond fund products in 2024. Against the backdrop of constant volatility in the equity market and continued bullishness in the bond market, many bond funds have shown a clear trend of attracting funds in the second quarter of this year, and fund companies have frequently purchased bond funds themselves.

Industry insiders revealed that, on the one hand, the "bond bull" background still exists; on the other hand, after the ban on manual interest payments in April, the deposit migration effect was obvious, and bond funds also benefited from it; in addition, with interest rates continuing to fall, residents' deposits continue to seek assets with a safety margin, and bond funds are becoming increasingly popular.

In order to maintain the stable operation of the bond market, the People's Bank of China has announced measures such as borrowing treasury bonds and temporary reverse repurchase operations since July, triggering adjustments in the bond market. Industry insiders analyzed that the People's Bank of China aims to guide the long-term interest rate center to be adjusted upward in stages, and the attractiveness of the bond market may decline in stages, and market sentiment may be under pressure in the short term. However, the monetary policy has not substantially changed. If the market reacts too much to short-term policies, new investment opportunities can be explored. (China Securities Journal)