Credit bonds are bonds issued by companies with a fixed dividend ratio. Under normal circumstances, investors can get dividends on a monthly basis after buying bonds. But if the enterprise is not well managed, it may default. Recently, in the bond market, the default of Yongmei Holdings' 654.38 billion bonds turned the market upside down, and the already unstable credit bond market was hit again. Just after Yongmei defaulted, the same type of bonds plunged by more than 20%, almost to the point of halved. Affected by this, the bonds of overseas state-owned enterprises have also fallen sharply, especially the bonds dominated by urban investment bonds, which almost lost their credibility.

Fluctuations in the bond market have also affected the performance of related funds. Many funds that invest in bonds have experienced a thrilling moment. Some funds specializing in bonds even lost more than 10%, and a large number of funds with heavy bonds were also redeemed. Among them, there are both the impact of the bond thunder incident and the reasons for the continuous decline of the bond market. Since the beginning of the year, the domestic bond market has not been peaceful. At first, Ziguang Group gave up redeeming its perpetual bonds, and then Yongmei defaulted on its bonds. The public's credit for bonds has declined again, and funds have been withdrawn to avoid being affected by it.

Some bond analysts said that considering that the end of the year will be the peak of credit bond payment, the risk of bond default will continue to rise, and the price of credit bonds will remain at a low level for some time to come. Therefore, investors who need to invest in bonds had better choose to start early next year. When choosing a bond, we should pay attention to the credit rating of the bond and the financial situation of the company behind it to avoid being troubled by default.

There are also fund managers who are optimistic that bonds will get out of the continuous downturn, and the improvement of fundamentals will bring the bull market in the bond market closer and closer. She predicted that the bond yield will peak in the first quarter of next year, especially the yield of fixed income will continue to rise. Considering the recent fluctuations in the bond market, the risk of forming a bond portfolio is not great now.