Bond fund products can be redeemed at any time, and it is best to hold them for some time before redemption. After all, many bond fund products are not held for a certain period of time, and the transaction cost will be high.

Short-term debt refers to bonds with a maturity of one year or less and high liquidity, while long-term debt refers to bonds with a maturity of more than one year and low liquidity. Relatively speaking, the risk of short-term debt is lower than that of long-term debt, and the expected return is also lower than that of long-term debt. It refers to the securities that are agreed to repay the principal and interest within a certain period of time, and can be issued by local governments, financial institutions and companies, with the characteristics of fixed income and less risk. Investors can use the bond grade as a reference standard when choosing bonds.