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Why is the yield of 20 16 Chinese bonds low?
On April 15, the treasury bond futures suddenly plunged in intraday trading. The five-year TF 1606 dropped by 0.32% today, and the ten-year T 1606 dropped by 0.27%. The frequency of default in the credit bond market has increased recently.

This may be due to the general decline in the income of pure debt funds this week, and investors turned to government bonds, thus pushing up the income of government bonds. In recent weeks 1 to 2 weeks, 10- 15 BP's national debt and financial debt have been raised, among which 10's national debt yield has risen sharply compared with the beginning of the year!

However, from the market outlook, the whole bond market seems to be shrouded in a haze, and winter is still not over.

Pure debt generally fell.

Suddenly I found that the bond funds bought by my friends suddenly lost money, and many pure debt funds even lost money in the past three months.

Excluding bonds QDII, fixed bonds and convertible bonds, only pure debt funds with the lowest risk are observed. Of the 334 pure debt funds that disclosed their performance, 285 showed a net decrease this week, accounting for 85.33%!

85.33%! !

Did you also find that the bond fund you bought to avoid suspicion began to lose money?

Although this has not erased most of the fund's income, as of April 14, there are still 29 1 pure debt funds whose income this year is lower than 1%. If this continues, how can we complete the agreement of performance comparison benchmark?

The following figure shows 40 pure debt funds that have lost money this year, with the highest loss close to 10%!

Friends of bond traders around me say that this is an invisible vicious circle! More and more investors choose to redeem their products before they expire, and many people dare not avoid the speed of blindly following the trend.

Therefore, as far as the overall bond market is concerned, many fund managers generally believe that the bond market will continue to adjust in the short term and are cautious about this year's bond market.