The effect of the stock-bond seesaw is evident, with hundreds of bond funds reporting losses for the year.

Recently, market risk preference has been at a high level, bond market fundamentals have become dull, long-term government bonds have continued to adjust, and bond fund net asset values are under pressure, especially for funds heavily invested in long-term interest rate bonds, which have experienced the greatest decline. According to Wind data, nearly a hundred bond funds have had a performance decline of over 1% since August, with over seventy percent of pure bond funds experiencing losses in August. Bond funds with high net asset value declines include Fangzheng Fubon Hongyuan, Huatai Baoxing Zunyi Interest Rate Bonds Holding for 6 months, Huitianfu Feng and Pure Bonds, Boshishangshang 30-year Treasury ETF, Pengyang Zhongzhai-30 year Treasury ETF, and Hui'an Wenyu, among others. Overall, long-term interest rate bonds have performed poorly this year, with two 30-year Treasury ETFs even experiencing a decline of over 2%, which is quite rare.