See-saw effect appears, some bond funds face large redemptions.

Recently, the stock and bond markets have shown a significant "seesaw effect", with the A-share market continuing to rebound while the bond market experiences continuous adjustments. As of July 25th, the average return of pure bond funds since July has been negative, and bond funds have faced a significant increase in redemptions. Industry insiders analyze that since June, the bond market has been crowded with trading, coupled with the recent return of market risk appetite, which is the main factor leading to redemptions for bond funds in this round. However, the fundamental factors affecting the bond market are difficult to reverse, and the negative impact on the bond market in the future is limited.