According to Jinshi Data, Jupiter Asset Management pointed out in a report that investors are facing conflicting macro signals, which may lead to greater volatility in the bond market. Although the US economy remains resilient, demand may slow down if real interest rates remain high for a long time.
The Fed has begun cutting interest rates, but the market has lowered expectations for further cuts due to the strength of the U.S. economy. Investment managers said the path of the Fed's future easing cycle is unclear, and investors have different expectations for the speed and extent of rate cuts.