According to Jin Shi data reports, Jupiter Asset Management pointed out in the report that investors are facing conflicting macro signals, which may lead to increased volatility in the bond market. Although the US economy remains resilient, demand may slow if real interest rates remain high for an extended period.
The Federal Reserve has begun to cut interest rates, but due to the strong US economy, the market has reduced expectations for further rate cuts. Investment managers stated that the future path of the Fed's easing cycle remains unclear, and investors have different expectations regarding the pace and extent of rate cuts.