From the perspective of yield and risk, the return of bond funds is not fixed. Most of the mainstream products launched this year are 80% pure debt and 20% new shares. Take the stable income of Huaan being issued as an example. The investment ratio of equity varieties such as stocks is 0%-20% of the fund assets, which belongs to the combination of increasing the "innovation" part to improve the income on the basis of relatively stable pure debt income. It should be said that it is a combination of stability and strength.

The yield of national debt is fixed. The newly issued certificate-based treasury bonds have a three-year interest rate of 5.74% and a five-year interest rate of 6.34%, and the principal is risk-free. It is an ideal conservative investment product. Compared with the difficulty of subscription, bond funds will have a closed period when they are first established, and they can be redeemed at any time after the closed period, and there is no upper limit on the subscription amount, so it is easier to subscribe; National debt can only be purchased during the issuance period, and it may not be available because of the issuance quota, so it is relatively difficult to buy.