1. The pattern of strong debts and weak stocks may continue next year. Now the views of various institutions in the market are basically the same, that is, the pressure of 2750-2800 is not broken, and it is another round of decline. Therefore, after careful observation these days, institutional funds are basically net outflows. Let's assume that this pattern is really realized, then the opportunity for funds to flow to bonds in the second half of the year will become a high probability event. There is indeed a large amount of capital flowing into the bond market in the near future, and I expect it to continue to strengthen in the second half of the year;

2. Due to the large loan amount of commercial banks in the first half of the year, the allocation of low-risk bonds is less, which is in the demand of compliance and capital preservation. Commercial banks are likely to increase their holdings of bonds in the second half of the year;

3. This Harvest Stable Income Fund is a new fund, which is a kind of capital preservation fund. The yield commitment is based on the three-year fixed deposit plus 1 point. From the early stage, I personally feel that it is relatively safe to invest in it.

Personal suggestions can wait until mid-August to see the market trend before deciding whether to subscribe for this fund.