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-20%以下低增速，建安投资中唯一的亮点竣工增速也明显回落，房企现金流持续承压，债务问题恶化。该背景下，地产新开工和投资短期难以显著改善。此外，三季度经济数据中，出口和制造业投资均边际改善，一方面前期陡峭去库存行为后，库存降至低位水平，周期弹性增加，支撑短周期工业企业表现，另外一方面海外PMI企稳，带动出口环比改善。  三季度债市波动加大，宽幅震荡。前期虽然政治局会议对地产领域的表述较为积极，但具体政策落实整体未超预期，叠加资金宽松，收益率震荡下行突破关键点位。但8月15日非对称性降息后，资金价格持续上行，叠加超预期地产需求端政策、降低印花税等一系列组合拳出台后，风险偏好和宏观预期抬升，驱动市场普遍调整。其中存单、短债收益率大幅上行，收益率曲线走平，期限利差压缩。  展望四季度，经济周期向上弹性有限，私人部门杠杆意愿仍然不足，居民消费、居民存款、居民杠杆等多个链条均未见拐点。增量政策和预期波动对债市仍构成潜在扰动，尤其是当前政策预期不强烈，市场定价不充分的背景下，后续需重点关注是否有中央加杠杆和助力城中村改造相关政策出台。货币流动性层面，资金中枢DR007均值与OMO政策利率利差客观处于历史高位水平，博弈资金中枢见顶回落存在合理性，在赢率逻辑多空并存的当下，流动性利好增加，逆向做多概率增加。  基金运作方面，组合在三季度维持了债券偏高的评级中枢，整体仓位和久期基本保持稳定。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T12:49:13.973Z","fund":{"_id":3000000000394,"__csrcFundId":3566,"stockCode":"000394","shortName":"融通通源短融债券(000394)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":394,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:28:56.518Z","status":"normal","inceptionDate":"2013-12-30T16:00:00.000Z","name":"融通通源短融债券型证券投资基金","exchange":"jj","followedNum":5,"fundCollectionId":4000050130000,"currency":"CNY","masterFundShortName":"融通通源短融债券","pinyin":"rttydrzqxzqtzjj","managers":[{"stockCode":"j101019474","stockType":"fund_manager","exchange":"fm","tickerId":120726248070,"name":"雷冠中"},{"stockCode":"db20795965","stockType":"fund_manager","exchange":"fm","tickerId":251212215030,"name":"杨龙龙"}]},"announcement":{"linkText":"融通通源短融债券型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=983367","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec1c9d4369c9c836d62dd","date":"2023-06-29T16:00:00.000Z","stockId":3000000000394,"sao":"上半年属于后疫情时代，经济复苏从“强现实”转向“弱现实”。春节前防疫政策放开初期，需求快速回补，经济反弹迅速，央行仅以逆回购支持跨年，资金波动加剧；3月由于两会经济目标设定偏谨慎，市场预期政策发力有所缓和，叠加降准落地，跨季资金面缓和，配置盘入场，债券收益率开启下行通道；二季度，经济修复斜率明显放缓，伴随大行信贷投放缩量，流动性环境愈发宽松，存款利率调降导致降息预期升温，但由于利率已接近去年低点，期限利差保护不足，降息落地后市场走出利多出尽逻辑，收益率快速调整。  基金运作方面，组合以高资质的短期限信用债为主，上半年仍保持了偏高的组合杠杆，通过短久期的持仓进行更充分的票息策略。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T12:49:13.968Z","mo":"下半年在地产和城投两大融资载体需求不足，叠加海外去库存出口承压的背景下，经济复苏无法形成共振的局面没有改变，但边际回落速度已经在放缓。规模上工业企业盈利已不再继续恶化，且经历了5个季度的去库，周期位置已在底部，经济下行弹性将逐步缩小；同时 PPI基数进入下行区间，三季度可能处于磨底阶段，需求端固定资产投资增速等以名义同比计价指标，价格拖累将明显减弱。此外新一轮政策周期已然开启，6月16日国常会指出经济形势的变化，预计7月底的政治局会议将出台积极的财政政策和产业政策，配合稳健的货币政策托底总需求。下半年同时出现“政策底”和“经济底”的概率较大。","fund":{"_id":3000000000394,"__csrcFundId":3566,"stockCode":"000394","shortName":"融通通源短融债券(000394)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":394,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:28:56.518Z","status":"normal","inceptionDate":"2013-12-30T16:00:00.000Z","name":"融通通源短融债券型证券投资基金","exchange":"jj","followedNum":5,"fundCollectionId":4000050130000,"currency":"CNY","masterFundShortName":"融通通源短融债券","pinyin":"rttydrzqxzqtzjj","managers":[{"stockCode":"j101019474","stockType":"fund_manager","exchange":"fm","tickerId":120726248070,"name":"雷冠中"},{"stockCode":"db20795965","stockType":"fund_manager","exchange":"fm","tickerId":251212215030,"name":"杨龙龙"}]},"announcement":{"linkText":"融通通源短融债券型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=951875","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec1c9d4369c9c836d62dc","date":"2023-03-30T16:00:00.000Z","stockId":3000000000394,"sao":"一季度，债券市场先跌后涨，季末市场基本回到了年初时的水平。季度之初，市场受到资金面偏紧等因素的影响，收益率快速上行，随着资金的缓解，年初配置力量的接入，以及经济修复并未大幅超越预期，市场在1月末和2月初出现小幅反弹，但随着资金面总体偏紧，短端大幅调整。进入三月份市场对经济预期的定价逐步修正，政策方面更加注重经济发展的高质量，叠加核心CPI走弱和居民信贷维持低迷，房地产行业指数显著下行，长端利率突破前期窄幅震荡区间，债市走出了一轮反弹行情。   对于后市，我们认为今年大概率是经济周期的触底回升阶段，核心关注点是居民资产负债表的修复程度，以及海外风险事件是否引致进一步的信用体系危机。债券市场走出单边牛市的可能性较低，但是目前安全的高息资产仍然匮乏，实体融资供需的矛盾意味着合意资产荒格局可能仍然在中期内持续，经济环比复苏预期下利率中枢的抬升并不是必然。债券市场有望继续宽幅震荡，债券策略的基准操作情景依然是立足震荡市，加大对市场面情绪与定价指标的关注。  组合以高资质的短期限信用债为主。本季度保持了偏高的组合杠杆，通过短久期的持仓进行更充分的票息策略。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T12:49:13.962Z","fund":{"_id":3000000000394,"__csrcFundId":3566,"stockCode":"000394","shortName":"融通通源短融债券(000394)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":394,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:28:56.518Z","status":"normal","inceptionDate":"2013-12-30T16:00:00.000Z","name":"融通通源短融债券型证券投资基金","exchange":"jj","followedNum":5,"fundCollectionId":4000050130000,"currency":"CNY","masterFundShortName":"融通通源短融债券","pinyin":"rttydrzqxzqtzjj","managers":[{"stockCode":"j101019474","stockType":"fund_manager","exchange":"fm","tickerId":120726248070,"name":"雷冠中"},{"stockCode":"db20795965","stockType":"fund_manager","exchange":"fm","tickerId":251212215030,"name":"杨龙龙"}]},"announcement":{"linkText":"融通通源短融债券型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=882042","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec1c9d4369c9c836d62db","date":"2022-12-30T16:00:00.000Z","stockId":3000000000394,"sao":"宏观经济方面，2022年疫情持续反复、地产大幅下滑、外部风险频发，尽管稳增长政策持续、财政货币双宽，整体经济仍然延续下行周期。一季度末局部地区疫情反弹，各项经济数据全面下行。二季度在疫情多点散发、地产低迷、政策加码等因素的影响下，经济周期进一步下行。财政政策加码，留抵退税促进了制造业投资、专项债发行支撑了基建投资。三季度的复苏预期很快证伪，内需持续低迷且外需风险显现，地产投资继续下滑，地产销售、新开工、到位资金同比增速维持双位数负增长。8月之后出口增速大幅回落，全球需求明显回落。财政、货币政策双双加码，得益于政策性金融工具，基建和制造业投资维持高增，是经济中的结构性亮点。四季度初经济仍然受到外需走弱、政策出台以及疫情反复的共同影响，仍然惯性下行。11月防疫政策出现显著优化调整，四季度疫情对生产的冲击显著弱于二季度，但过去两年疫情防控对居民收入和预期的冲击造成了一定中长期影响，短期修复存在难度，未来仍然具有一定不确定性。  债券市场方面，2022年上半年长端利率债收益率震荡，一季度市场在宽货币和宽信用的博弈下宽幅震荡，二季度疫情爆发、经济下行、内需低迷、资金宽松、合意资产荒的加持下信用债收益率显著下行，长端利率债仍然震荡。下半年债市收益率整体先下后上，在7-8月经济复苏证伪的预期下修和资金面持续宽松支撑下，债券收益率普遍流畅下行。9-11月随着资金边际收敛、地产政策和防疫政策调整推动经济预期增强，债市整体震荡调整，并引发了理财赎回的机构行为负反馈，推动了信用债普遍进一步大幅调整。12月中下旬存在超跌反弹，但长端利率已经高于年初水平。  组合持仓以高资质的短期限信用债为主。票息是组合的主要收入来源。同时组合在部分时间段开展了波段操作，取得了一定效果。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T12:49:13.956Z","mo":"对于2023年，国内经济随着疫情冲击的减弱，有望逐步回到正常轨道上来，居民收入水平将随着经济的好转而稳步回升。进出口增速是否可以企稳回升具有不确定性，关注国外主要贸易伙伴的经济增长和需求情况，同时也要关注国际贸易环境变化可能造成的影响。从目前看，全年经济的一个不确定性来自房地产市场的运行情况，关注新房、二手房销售数据，以及房地产企业投融资情况。  对于经济增速大概率底部回升的局面，债券市场可能面临压力，虽然在2022年四季度，市场已经部分反应和定价了这部分压力，但是如果经济的恢复从预期变为现实，甚至出现超过预期的恢复，债券市场的调整还将继续。当然也不排除经济恢复出现阶段性低于预期的情况，这将成为债券短暂的交易期。  2023年组合将继续以票息收入作为主要盈利手段，适时进行小规模的波段操作。力争为委托人提供更加稳定可靠的投资收益。","fund":{"_id":3000000000394,"__csrcFundId":3566,"stockCode":"000394","shortName":"融通通源短融债券(000394)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":394,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:28:56.518Z","status":"normal","inceptionDate":"2013-12-30T16:00:00.000Z","name":"融通通源短融债券型证券投资基金","exchange":"jj","followedNum":5,"fundCollectionId":4000050130000,"currency":"CNY","masterFundShortName":"融通通源短融债券","pinyin":"rttydrzqxzqtzjj","managers":[{"stockCode":"j101019474","stockType":"fund_manager","exchange":"fm","tickerId":120726248070,"name":"雷冠中"},{"stockCode":"db20795965","stockType":"fund_manager","exchange":"fm","tickerId":251212215030,"name":"杨龙龙"}]},"announcement":{"linkText":"融通通源短融债券型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=866214","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec1c9d4369c9c836d62da","date":"2022-09-29T16:00:00.000Z","stockId":3000000000394,"sao":"进入三季度，疫情对经济的影响在延续，国内经济增速维持在中低水平。二季度末，国内疫情出现缓和，国内经济的供给端和需求端都有明显的底部回升迹象，经济显著向好。但是7月中旬以来，经济恢复的动力出现衰减，部分行业对经济的负面影响在加剧；消费增速相对平缓；外贸增长受到外需衰弱的影响，在增速上出现了一定程度的回落；基建虽有发力，但不足以扭转其他方面的负面冲击。PMI一度进入景气下行区间。货币政策继续保持稳健且相对宽松。财政政策持续发力，包括基建在内的多项稳增长措施不断加码。  债券市场总体呈现一路走高的态势，在季末略有回调。经济恢复低于预期成为行情重要的启动因素，较低的资金价格也对行情有支撑作用，8月中旬MLF利率的下调进一步推动了债市收益率的下行。10年期国债一度下行幅度接近15个bp左右，最终全季度下降6个bp，收益率曲线总体呈现平坦化趋势。多数品种的信用利差在本季度继续压缩，并处于近年来较低水平。  组合以高资质的短期限信用债为主。本季度组合使用小量仓位参与了市场的波段操作，更灵活的操作推动组合的净值提升。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T12:49:13.951Z","fund":{"_id":3000000000394,"__csrcFundId":3566,"stockCode":"000394","shortName":"融通通源短融债券(000394)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":394,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:28:56.518Z","status":"normal","inceptionDate":"2013-12-30T16:00:00.000Z","name":"融通通源短融债券型证券投资基金","exchange":"jj","followedNum":5,"fundCollectionId":4000050130000,"currency":"CNY","masterFundShortName":"融通通源短融债券","pinyin":"rttydrzqxzqtzjj","managers":[{"stockCode":"j101019474","stockType":"fund_manager","exchange":"fm","tickerId":120726248070,"name":"雷冠中"},{"stockCode":"db20795965","stockType":"fund_manager","exchange":"fm","tickerId":251212215030,"name":"杨龙龙"}]},"announcement":{"linkText":"融通通源短融债券型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=801439","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec1c9d4369c9c836d62d9","date":"20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cement":{"linkText":"融通通源短融债券型证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=569008","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec1c9d4369c9c836d62d3","stockId":3000000000394,"sao":"2020年债券市场大体呈现深V走势，具体可分为以下三个阶段。  第一阶段，1-4月。市场原本认为在1季度将会开启一轮新的库存周期，但新冠疫情突然袭来，PMI、GDP等各类经济数据触底。避险情绪升温，货币政策放松明显，全球风险资产遭受深V冲击后在3月底开始见底回升，债券收益率在4月底见底。  第二阶段，5月-11月中旬。市场宽松预期落空，两会未提降息降准，结构化存款监管趋严，CD利率上行。5月开始债券供给压力反应在一级不及预期。货币政策转向结构性政策，以两项直达工具为标志。收益率曲线呈现出熊平态势。  第三阶段，11月中旬至年末。受信用事件冲击，债券收益率普遍快速调整，央行通过超预期的OMO及MLF操作大量释放流动性维稳市场，且债券供需明显好转，CD利率也大幅下降，收益率走出一波交易性行情。  2020年组合配置了高等级短久期信用债，并进行了一些短久期利率债波段操作，取得了一定的净值增长。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T12:49:13.914Z","mo":"展望2021年，GDP增速将在低基数效应下见到高点，随后向下，而债券可能呈现宽幅震荡走势，多空互现。具体来看：  从基本面来看，最新的投资、出口、生产等数据超历史同期，消费低于历史水平。往后看，随着社会融资增速的下行和监管趋严，基建和地产有望在2021年走弱，制造业投资在外需及PPI回升背景下继续走强，消费尤其是服务消费将在疫苗普及后复苏，出口仍旧强势。通胀方面，2021年2季度因为基数原因见顶回落。  政策方面，目前通胀不是货币政策掣肘。如果以“稳杠杆”为指导，疫情冲击之后经济大病初愈，社融增速可能在11%-12%之间，1季度开始社融增速即会快速下行，这是宏观层面对债市偏好的一点。  微观层面，2021年有两个比2020年好的因素。2020年3-4季度压降结构性存款提高了银行负债成本，但随着指标压力减小，2021年这个因素影响将会弱化。利率债供给方面，专项债、特别国债预计均会收缩，对债市偏好。  风险层面主要关注信用风险的点状爆发及情绪传染、通胀超预期的可能。","fund":{"_id":3000000000394,"__csrcFundId":3566,"stockCode":"000394","shortName":"融通通源短融债券(000394)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":394,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:28:56.518Z","status":"normal","inceptionDate":"2013-12-30T16:00:00.000Z","name":"融通通源短融债券型证券投资基金","exchange":"jj","followedNum":5,"fundCollectionId":4000050130000,"currency":"CNY","masterFundShortName":"融通通源短融债券","pinyin":"rttydrzqxzqtzjj","managers":[{"stockCode":"j101019474","stockType":"fund_manager","exchange":"fm","tickerId":120726248070,"name":"雷冠中"},{"stockCode":"db20795965","stockType":"fund_manager","exchange":"fm","tickerId":251212215030,"name":"杨龙龙"}]},"announcement":{"linkText":"融通通源短融债券型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=552674","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec1c9d4369c9c836d62d2","stockId":3000000000394,"sao":"债券市场方面，三季度收益率波动可分为三个阶段。第一阶段为7月上旬，央行下调再贷款、再贴现利率，持续暂停公开市场操作。PMI超预期，股市持续大幅度上涨，股债跷跷板效应明显。该阶段债市收益率上行为主，10年国债上行26BP。第二阶段为7月中旬至24日，央行公开市场操作重启以及国债发行高峰逐步渡过，中美关系亦有扰动，股市冲高回落震荡，债市空因素减弱，债市10年期国债收益率下行22BP。第三阶段为7月25日至9月底，市场资金面边际收紧，经济回暖持续叠加地方债供给压力增大，一级频繁利空，债市10年期国债收益率上行29BP。  组合在三季度维持了偏低的久期，少有利率债操作，临近季末增配了少量短融，主要源于经济复苏难以证伪、供给压力偏大的逻辑。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T12:49:13.909Z","fund":{"_id":3000000000394,"__csrcFundId":3566,"stockCode":"000394","shortName":"融通通源短融债券(000394)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":394,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:28:56.518Z","status":"normal","inceptionDate":"2013-12-30T16:00:00.000Z","name":"融通通源短融债券型证券投资基金","exchange":"jj","followedNum":5,"fundCollectionId":4000050130000,"currency":"CNY","masterFundShortName":"融通通源短融债券","pinyin":"rttydrzqxzqtzjj","managers":[{"stockCode":"j101019474","stockType":"fund_manager","exchange":"fm","tickerId":120726248070,"name":"雷冠中"},{"stockCode":"db20795965","stockType":"fund_manager","exchange":"fm","tickerId":251212215030,"name":"杨龙龙"}]},"announcement":{"linkText":"融通通源短融债券型证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=486819","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec1c9d4369c9c836d62d1","stockId":3000000000394,"sao":"上半年大类资产反应的逻辑主要是新冠疫情下的全球风险偏好波动、经济衰退和复工及流动性的宽松。  1月初至1月20日，市场演绎宽财政预期及流动性宽松，股债双牛。1月21日起到3月9日，新冠疫情开始发酵，从国内逐步蔓延至海外，风险偏好下行，债券上涨明显，10年国开收益率下行幅度达到40BP，国内股票市场在春节后交易日大跌之后开启连续反弹，后期随着海外股市跌势不断，国内股票市场也遭到快速下跌。  3月9日至3月20日，随着沙特、俄罗斯谈判破裂，原油价格出现暴跌，配合原油类等高收益债基金出现赎回，美股暴跌，市场流动性需求大幅增加，避险资产亦遭到抛售。国内债券收益率也出现调整，外资行卖出偏多。  3月20日至4月底，全球以美联储为首的央行开启大规模放水，流动性危机缓解，境外机构对利率债的抛售告一段落。在中国央行连续降准、降息及超准利率下调等政策催化下，债市收益率大幅度下行。随后在缺少更宽松的货币政策催化下债市维持低位震荡。  5月4日至6月5日。货币政策边际收紧及以小微贷款为主的宽信用措施、复工稳步推进叠加利率债供给放量使债市收益率出现普遍上行。  6月8日至6月底。债市影响因素多空交织，如疫情二次爆发担忧、特别国债供给节奏、鹰派的陆家嘴论坛发言与货币政策例会、MLF缩量等等，收益率整体陷入窄幅震荡阶段。  随着债券市场的大幅波动，组合净值也出现了一定程度的波动。操作上，我们维持了中性久期，并适当进行了灵活的利率债波段操作，整体保持了一定的杠杆水平。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T12:49:13.903Z","mo":"随着全球流动性的不断释放和复工复产措施的推进，全球经济增长在上半年已经见底。在社融放量的刺激下，国内基建、房地产复苏明显，反应在工业品价格上涨、库存快速去化、工程机械销量及建材成交超季节性等现象上。与此同时，居民资产负债表受损的背景下消费复苏步伐缓慢，制造业投资仍然处于低位，总的来看本轮经济复苏将呈现耐克型的缓慢复苏态势。政策方面，CPI可能在下半年逐步回落，而PPI渐次回升，暂时不会成为货币政策掣肘。但需要关注的是，经过上半年大力度的信用投放，实体经济杠杆率上升明显，经济增长逐步回归正轨后可能会放缓信贷投放，根据陆家嘴论坛的融资目标数据，下半年信贷和社融的增速都将较上半年明显回落。债券收益率快速上调后，已经表现出了较好的配置价值，经济却并没有超预期快地复苏，下半年我们将首先防范净值波动风险，也将密切关注债券的投资机会。随着特别国债发行逐步结束，债券狭义供需将可能好转，未来信贷放缓后对经济增速预期也有可能转弱，并进而带来收益率下行的机会。  随着短期内经济复苏难以证伪、融资仍旧高增，风险偏好可能维持偏高态势，预计短期信用债有望跑赢长期信用债，调整后短端套息安全程度也明显提高。","fund":{"_id":3000000000394,"__csrcFundId":3566,"stockCode":"000394","shortName":"融通通源短融债券(000394)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":394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