1. When the economic growth rate declines and the market risk appetite declines, funds will flood into the bond market from the stock market, thus increasing the demand for bonds and pushing the bond price up.

2. China's monetary cycle may be at the beginning of a new round of easing, and bond investment will benefit from it. Interest rate cuts are good for bond funds. From the essence of bonds, if the interest rate is cut, it means that the coupon rate for investors to buy newly issued bonds in the market will be reduced, and the income of newly issued bonds will be lower than that of existing bonds previously held, which means that the future income of existing bonds is higher than that of new bonds.

3. The credit risk of enterprises may be improved. Enterprises will tide over the difficulties with wide currency and wide credit. After that, the credit risk of SMEs improved and bond prices rebounded.

How to invest in pure debt funds?

Pure debt fund refers to a fund that all invests in bonds. Domestic bonds are divided into interest rate bonds and credit bonds: interest rate bonds (national debt and financial debt) have national credit endorsement, and there is almost no risk of default; Credit bonds (corporate bonds, corporate bonds) have high risks and returns, which are affected by the company's own solvency and have the risk of default.

Generally speaking, the longer the bond term, the higher the coupon rate; The lower the credit rating of bonds, the higher the coupon rate. In the face of pure debt funds whose performance fluctuates greatly, or whose income is obviously higher than that of the income center, investors need to pay attention to whether there is credit risk in their positions.