Bond funds do not all invest in government bonds and corporate bonds; In order to spread risks, it will allocate different assets, and of course it will always focus on fixed income (including bonds and bills); For example, financial bonds, bills, stocks, money deposits, etc. in the inter-bank market, there is another situation in which bond funds are in a good trend recently, and investors are worried about the future economic situation. At the same time, some time ago, the bond market was too hot, and investors redeemed bond funds in advance, that is, they saved their bags and saved their existing income. In particular, the main investors of bond funds, insurance companies, have partially redeemed because of the factors at the end of the year.