1. Interest rate risk: If the country tightens its monetary policy, continuously raises interest rates, and increases deposit interest rates, then the bond market will receive a certain amount of pressure, thus affecting the trend of bond funds.

2. Thunder risk: Many bond funds allocate corporate bonds. Once there is a problem with corporate bonds, it means that the bond fund will fall short. For example, the recent "Xinwei Group" has 6 Only bonds were affected, and the early "Kangdexin" Lei also had a certain impact on bond funds.

3. Liquidity risk: When the central bank tightens monetary policy and capital outflows, the market flows. Temporary tensions occur and bonds cannot be converted, which will also cause bond funds to have certain risks. Therefore, when choosing bond funds, it is best to choose higher-end bonds, such as treasury bonds, policy bonds, and local government bonds, which have lower risks, while credit bonds have lower risks. The risk is higher.

Bond funds, also known as bond funds, refer to funds that specialize in investing in bonds. They seek relatively stable returns by pooling the funds of many investors and investing in bonds. .

Bonds are debt certificates issued to investors when governments, financial institutions, industrial and commercial enterprises and other institutions directly borrow money from the society and promise to pay interest at a certain interest rate and repay the principal according to agreed conditions. .

According to the China Securities Regulatory Commission’s classification standards for fund types, bond funds with more than 80% of fund assets invested in bonds can also invest a small part of the funds in the stock market. In addition, they can invest in bonds. Convertible bonds and new shares are also important channels for bond funds to obtain income.

In China, bond funds mainly invest in treasury bonds, financial bonds and corporate bonds. Generally, bonds provide investors with fixed returns and returns. The principal is repaid upon maturity and the risk is lower than that of stocks. Therefore, compared with stock funds, bond funds have the characteristics of stable returns and lower risks.

The main difference between currency funds and bond funds lies in their different investment objects.

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Money fund is an open-end fund that invests in the money market and mainly invests in bonds, central bank bills, repurchases and other extremely safe short-term financial products; while bond funds specialize in investing in bonds Funds, mainly treasury bonds, financial bonds and corporate bonds

The income of monetary funds is only higher than the bank's time deposit interest rate, but there is no interest tax and can be redeemed at any time, generally on the first day of application. Funds arrive within two days. Therefore, currency funds are very suitable for organizations and individuals who pursue low risk, high liquidity, and stable income.

As the king of cash management, currency funds have high security. , high liquidity, stable profitability, similar to "quasi-savings", always blooming its investment charm without showing off. According to data from the Galaxy Securities Fund Research Center, as of July 29, 2014, there were 49 A-level currencies. The average return of funds since 2014 has been 1.8354%.

Since July, some financial products with long agreed terms when they were established have been unilaterally canceled by banks in advance. In addition, the subscription and expiration times of financial products are often limited. It is relatively long, which reduces the actual income level of investors. Regulatory agencies have imposed restrictions on financing trust products, which will also reduce the investment scope of the original short-term financial products and thus reduce their income level.