Tianfeng Securities: The logic of "looking at stocks and doing bonds" may continue in the third quarter.

Tianfeng Securities research report stated that for the bond market, the logic of "watching stocks and doing bonds" may continue in the third quarter. Under the influence of policy disturbances, fund reallocation, and redemption pressure, the bond market may continue to fluctuate. It is recommended to gradually allocate 10-year government bond yields in the range of 1.75% to 1.80% and maintain short-term operations for interest rate bonds.