1, the bond market surged in the early stage, and the market was afraid of heights. Affected by this year's epidemic, China's economy and even the world economy are under great pressure. The central bank has taken relevant measures to ease the pressure. Compared with previous years, currency liquidity is relatively strong, and bank interest rates are constantly decreasing. Bonds are inversely proportional to interest rates, and the decline in interest rates leads to the rise of bonds. Bonds rose sharply in the first half of the year, and the market was afraid of heights. In addition, with the decline of financial risk index, monetary easing policy is also declining, and the decline of interest rate is also limited.

The economy is improving and the export business is developing in a good direction. In April, automobile sales and coal consumption turned positive, exports increased, and due to market forecasts. In addition, the epidemic situation has been well controlled and the economy has developed steadily, which has increased the pressure on the bond market.

3. The increase in the supply of interest rate bonds has a certain impact on the bond market. Issuing a large number of interest rate bonds will depress bond prices to a certain extent and raise market interest rates.

Extended data:

Bond funds will also pick up when the stock market is depressed. When the stock market is in a downturn, bond funds become a safe place for funds. At this time, the intervention of a large amount of funds will make bond funds rise.

Bond funds can pick up when banks cut interest rates, and bonds are negatively correlated with bank interest rates, so bond funds rise and pick up when deposit interest rates drop; For bond funds that play new shares, when new shares have higher returns, bond funds will rise.