Hidden worries under the bond market frenzy: Investors' "safety net" is running out!

Zh tng cijng APP hux, zi jngj lgun qngx shngwn y "zjn gush, zchn xqu" de shungchng zuyng xi, zhiqun dngji jzh zhjin su qni, rjn zhiqun tuz zh wi chngdn wiyu fngxin su yoqi de bchng, y jing zh du nin li zud shupng. According to the Zhongtong Finance and Economics APP, under the dual effects of increasing economic optimism and "excess funds, scarce assets", the bond pricing mechanism has gradually distorted. Now, the compensation required by bond investors to bear default risk has dropped to the lowest level in many years.