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由于债券基金投资组合杠杆比例的限定,主要投资中高收益债、产品设计本身就有3.33倍杠杆的德信中高收益债指数分级基金的优势将会凸显。今年以来,债券市场收益率持续走低,债券价格走出了一轮涨幅可观的行情。展望后市,其整体收益率低于年初水平,个券分化在所难免,票息相对偏高的中低评级信用债收益率优势可能更加突出,尤其受事件和政策冲击的券种更有机会。
As the bond fund portfolio leverage ratio is limited, the main investment in high-yield bonds, product design itself has 3.33 times the leverage of the Deutsche Bank high-yield index grading fund advantage will be highlighted. Since the beginning of this year, the yield on the bond market has been declining. The bond prices have surged out of a round of gains. Looking forward, the overall yield is lower than the level at the beginning of the year. The differentiation of individual coupons is inevitable, and the relatively low coupon rate may give more prominence to the yield of low-rated credit bonds. In particular, securities subject to the impact of events and policies are more likely to have opportunities.