Debt base returns to record New Year

Continued last week's rally, May 18, the Shanghai government Bond Index, corporate Debt index both to create a close record high.　　Thanks to the index's rise, bond funds have also been on the decline, with average net worth growing at a new high this year. Last week, the ailing bond market finally ushered in a wave of explosions. Shanghai's bond index climbed steadily, hitting a record high this year, as well as a steady rise in its bond index, which hit a record high in Friday. This week's exchange-bond market, which takes last week's trend, continues to be a high market for innovation.　　As of May 18, the Shanghai Securities Index closed at 121.16 points, the Shanghai Bond Index to close at 134.4, both created a close to record highs. In fact, in addition to the exchange market, the interbank market has also excelled.　　Citic Securities latest Bond weekly notes that last week, the interbank market yields in addition to 3 months, the overall trend of the decline, including the 1-year, 3-year, 7-year and 15-year varieties have a larger decline. As a effect, bond funds have been making new gains this year. The Galaxy Securities Fund Research Center statistics show that as of May 18, ordinary bond funds (level) this year, the average net growth rate of 1.09%. Among them, China-rich income enhanced debt base a yield of up to 7.7% this year, the earnings of Wah Fu enhanced debt base B of 7.51%. Ordinary bond funds (level two) have an average net growth rate of 1.61% this year.　　Among them, the Galaxy Income Bond fund this year's income is 5.62%, Peng Hua Harvest Bond Fund's income also reached 5.19%. According to statistics, although some of the bond funds are still earning negative results this year, but the negative rate of return of this part of the fund is gradually reducing the school industry believes that relatively, this year's bond market is difficult to appear in the past year, the bull market, there is still greater uncertainty in the future, but there are more structural and phased opportunities. And with the announcement of the April macro-financial data, investors ' expectations may have changed subtly; with the help of ample funds, the short-term domestic debt market is still expected to continue to go cattle, this year, the excess proceeds of bond funds may come from credit debt and convertible bonds.