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tionDate":"2014-11-12T16:00:00.000Z","name":"诺安聚利债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安聚利债券","pinyin":"najlzqxzqtzjj","managers":[{"stockCode":"db20646212","stockType":"fund_manager","exchange":"fm","tickerId":72408185470,"name":"郭晓晖"}]},"announcement":{"linkText":"诺安聚利债券型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1149223","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec23ed4369c9c836daef0","date":"2024-03-30T16:00:00.000Z","stockId":3000000000736,"sao":"2024年1季度，纯债市场收益率整体下行。1月，央行宣布降准0.5个百分点， CPI和PMI等经济数据较弱，市场利率小幅度下行；2月，资金价格平稳，LPR报价非对称下降，同时多家银行下调存款利率，市场预期货币政策进一步宽松，债券利率继续下行；3月，两会明确全年经济增速目标和财政赤字，前两个月工业增加值、固定资产投资、外贸好于预期，地产宽松政策陆续出台，债券收益率波动加大，信用利差有所走阔。总体来看，10年国债收益率下行至2.29%附近，10年国开债收益率约收于2.41%，期限利差和等级利差压缩，信用利差分化。  本阶段基金主要参与利率债和中高等级信用债投资，优化组合结构和久期。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T12:51:10.994Z","fund":{"_id":3000000000736,"__csrcFundId":2354,"stockCode":"000736","shortName":"诺安聚利债券(000736)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":736,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:37:16.828Z","status":"normal","inceptionDate":"2014-11-12T16:00:00.000Z","name":"诺安聚利债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安聚利债券","pinyin":"najlzqxzqtzjj","managers":[{"stockCode":"db20646212","stockType":"fund_manager","exchange":"fm","tickerId":72408185470,"name":"郭晓晖"}]},"announcement":{"linkText":"诺安聚利债券型证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1073828","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec23ed4369c9c836daeef","date":"2023-12-30T16:00:00.000Z","stockId":3000000000736,"sao":"2023年，债券市场收益率呈现震荡下行走势。利率方面，10年期国债利率下行至2.56%附近，10年期国开债利率下行至约2.68%，利率债收益率曲线整体更趋平坦化；信用方面，中高等级信用债主要期限品种收益率全部下行，平均幅度约为30-70bp，信用利差和等级利差均有压缩。全年，管理人主要参与优质的中高等级信用债和利率债的投资。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T12:51:10.987Z","mo":"疫后经济恢复并不牢固，国内经济贯彻高质量发展，展望2024年，消费支出有待进一步修复，三大工程政策实施下，投资端稳增长的必要性依然存在，但也面临着地产行业尚未企稳、地方政府债务等内在约束，制造业投资在经济结构转型和产业政策支持下发挥稳定器作用，出口在海外经济体进入补库阶段以及偏低基数下增速可能抬升，经济预计整体处于恢复阶段，通胀有望温和回升，货币政策处于宽松周期，流动性合理充裕，财政政策维持支出强度。整体来看，全年债券市场或呈现震荡走势，关注信用扩张、美联储政策节奏等影响变量。","fund":{"_id":3000000000736,"__csrcFundId":2354,"stockCode":"000736","shortName":"诺安聚利债券(000736)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":736,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:37:16.828Z","status":"normal","inceptionDate":"2014-11-12T16:00:00.000Z","name":"诺安聚利债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安聚利债券","pinyin":"najlzqxzqtzjj","managers":[{"stockCode":"db20646212","stockType":"fund_manager","exchange":"fm","tickerId":72408185470,"name":"郭晓晖"}]},"announcement":{"linkText":"诺安聚利债券型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1054911","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec23ed4369c9c836daeee","date":"2023-09-29T16:00:00.000Z","stockId":3000000000736,"sao":"2023年3季度，纯债市场收益率震荡上行。7月，经济数据偏弱，地产投资低迷，政策坚持高质量发展，流动性稳定，市场收益率呈震荡走势；8月，CPI同比读数转负，外贸下滑，央行调降MLF和OMO利率，政治局会议后城中村改造、认房不认贷、降低存量房贷利率等政策推进，市场利率普遍下行，期限利差压缩；9月，地产放松政策陆续出台实施，利率债供给增加，虽然央行月中降准操作，但DR007依然走高，债券利率调整。总体来看，10年国债收益率上行至2.68%附近，10年国开债收益率收于约2.74%，信用利差和等级利差有所压缩。  本阶段基金主要参与利率债和中高等级信用债投资，优化基金组合结构和久期。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T12:51:10.981Z","fund":{"_id":3000000000736,"__csrcFundId":2354,"stockCode":"000736","shortName":"诺安聚利债券(000736)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":736,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:37:16.828Z","status":"normal","inceptionDate":"2014-11-12T16:00:00.000Z","name":"诺安聚利债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安聚利债券","pinyin":"najlzqxzqtzjj","managers":[{"stockCode":"db20646212","stockType":"fund_manager","exchange":"fm","tickerId":72408185470,"name":"郭晓晖"}]},"announcement":{"linkText":"诺安聚利债券型证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=989166","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec23ed4369c9c836daeed","date":"2023-06-29T16:00:00.000Z","stockId":3000000000736,"sao":"2023年上半年，纯债收益率呈现震荡下行走势。具体来看，10年期国债下行约19BP至2.63%附近，10年期国开债亦下行约19BP至2.77%附近，期间均有波动，利率整体趋势往下；1月市场收益率全部上行，2月利率延续震荡上行，3月起全年经济目标明确，政策力度偏缓和，流动性保持宽松，市场利率中枢开始走低，4-5月横盘后继续下行，6月央行降息，月内利率先下后上；中高等级信用债收益率曲线呈现平坦化下移，各主要期限品种平均下行约30至60BP，等级利差和信用利差压缩。2023年上半年，管理人主要参与中高等级信用债和利率债的投资，优化基金组合结构和久期。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T12:51:10.975Z","mo":"展望下半年，经济筑底缓慢恢复或为主线特征，今年地方债发行节奏适中，基建投资后续存在发力空间，房企销售偏弱以及居民端早偿意愿持续，地产投资仍需企稳，制造业投资在出口链条和盈利等因素影响下恢复力度需要观察，消费在居民储蓄倾向较高以及当前失业情况下拉动作用可能有限，外贸形势需要进一步关注海外加息节奏对全球经济需求端的影响。整体来看，下一阶段经济动能恢复斜率存在不确定性，终端需求偏弱下CPI或呈现温和状态，货币政策处于宽松周期，流动性保持合理充裕，海外方面关注未来美联储操作变化。总体来看，市场影响因素多空交织，债券市场或维持震荡走势。","fund":{"_id":3000000000736,"__csrcFundId":2354,"stockCode":"000736","shortName":"诺安聚利债券(000736)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":736,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:37:16.828Z","status":"normal","inceptionDate":"2014-11-12T16:00:00.000Z","name":"诺安聚利债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安聚利债券","pinyin":"najlzqxzqtzjj","managers":[{"stockCode":"db20646212","stockType":"fund_manager","exchange":"fm","tickerId":72408185470,"name":"郭晓晖"}]},"announcement":{"linkText":"诺安聚利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=964249","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec23ed4369c9c836daeec","date":"2023-03-30T16:00:00.000Z","stockId":3000000000736,"sao":"2023年1季度，纯债市场收益率呈现宽幅震荡走势。1月，受经济复苏和稳增长政策发力预期以及资金面边际收紧影响，市场收益率多数上行；2月，PMI和金融数据回暖，信贷大量投放降低银行间超储水平，资金价格波动加大，利率债收益率继续上行，信用品种有所修复；3月，两会明确全年经济增长目标，海外银行事件发酵降低市场风险偏好，债券收益率曲线更趋平坦。总体来看，10年国债收益率收于2.85%附近，10年国开债收益率上行至约3.02%，信用利差和等级利差压缩。  本阶段基金主要参与利率债和中高等级信用债投资，优化基金组合结构和久期。","declarationDate":"2023-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T12:51:10.968Z","fund":{"_id":3000000000736,"__csrcFundId":2354,"stockCode":"000736","shortName":"诺安聚利债券(000736)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":736,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:37:16.828Z","status":"normal","inceptionDate":"2014-11-12T16:00:00.000Z","name":"诺安聚利债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安聚利债券","pinyin":"najlzqxzqtzjj","managers":[{"stockCode":"db20646212","stockType":"fund_manager","exchange":"fm","tickerId":72408185470,"name":"郭晓晖"}]},"announcement":{"linkText":"诺安聚利债券型证券投资基金2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=888388","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec23ed4369c9c836daeeb","date":"2022-12-30T16:00:00.000Z","stockId":3000000000736,"sao":"2022年，债券收益率呈现宽幅震荡走势。利率方面，10年期国债上行至2.83%附近，10年期国开债下行至约2.99%，期间走势波动较大，利率债收益率曲线整体更趋平坦化；信用方面，中高等级信用债主要期限品种收益率以上行为主，平均幅度约20-40bp，信用利差和等级利差均有走阔。全年，基金规模有所波动，管理人主要参与优质的中高等级信用债和利率债的投资。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T12:51:10.961Z","mo":"展望2023年，随着疫情防控政策优化，线下场景恢复，消费支出或将逐步改善，投资端基建稳增长的必要性依然存在，制造业投资在经济结构转型和产业政策支持下对固定资产投资具有拉动作用，地产行业宽松政策不断出台，制约楼市基本面的因素逐步缓解，从销售端传导到投资端需要时间消化，出口在海外经济需求走弱以及去年高基数因素影响下面临压力，经济预计整体处于复苏阶段，通胀中枢相比去年或有小幅抬升，货币政策保持稳健，流动性合理充裕，财政政策维持支出强度。整体来看，全年债券市场或呈现震荡走势，关注信用扩张、美联储政策节奏等影响变量。","fund":{"_id":3000000000736,"__csrcFundId":2354,"stockCode":"000736","shortName":"诺安聚利债券(000736)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":736,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:37:16.828Z","status":"normal","inceptionDate":"2014-11-12T16:00:00.000Z","name":"诺安聚利债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安聚利债券","pinyin":"najlzqxzqtzjj","managers":[{"stockCode":"db20646212","stockType":"fund_manager","exchange":"fm","tickerId":72408185470,"name":"郭晓晖"}]},"announcement":{"linkText":"诺安聚利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=871180","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec23ed4369c9c836daeea","date":"2022-09-29T16:00:00.000Z","stockId":3000000000736,"sao":"2022年3季度，纯债市场收益率呈现震荡下行走势。7月份，资金面宽松，经济数据整体偏弱，断供发酵进一步降低市场对全年的经济增长预期，市场收益率普遍下行；8月份，全年经济增速目标弱化，国内疫情反复，央行超预期降息，推动市场收益率进一步下行；9月份，PMI、社融等指标环比改善，类财政工具推进落地，经济呈现弱复苏态势，市场收益率有所上行。总体来看，10年国债收益率收于2.76%附近，10年国开债收益率下行至约2.93%；信用整体表现优于利率品种。  本阶段基金主要参与利率债和中高等级信用债投资，优化基金组合结构和久期。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T12:51:10.951Z","fund":{"_id":3000000000736,"__csrcFundId":2354,"stockCode":"000736","shortName":"诺安聚利债券(000736)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":736,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:37:16.828Z","status":"normal","inceptionDate":"2014-11-12T16:00:00.000Z","name":"诺安聚利债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安聚利债券","pinyin":"najlzqxzqtzjj","managers":[{"stockCode":"db20646212","stockType":"fund_manager","exchange":"fm","tickerId":72408185470,"name":"郭晓晖"}]},"announcement":{"linkText":"诺安聚利债券型证券投资基金2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=806890","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec23ed4369c9c836daee9","date":"2022-06-29T16:00:00.000Z","stockId":3000000000736,"sao":"2022年上半年，纯债收益率呈现震荡走势。具体来看，10年期国债上行约4BP至2.82%附近，10年期国开债下行约2BP至3.05%附近，但期间波动幅度较大，1月市场收益率普遍下行，2月份开始震荡走高，持续到3月小幅下降后再次上行，5-6月V型走势特征明显；中高等级信用债收益率曲线呈现陡峭化下移，各主要期限品种平均下行约30至65BP，中短久期品种表现更优，等级利差和信用利差压缩。2022年上半年，管理人主要参与优质的中高等级信用债和利率债的投资，优化基金组合结构和久期。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T12:51:10.944Z","mo":"展望下半年，疫情反复下的经济恢复依然为主线特征，今年地方债发行前置，基建投资或维持高位，受制于房企自身流动性压力以及部分地区断供问题，地产投资压力较大，制造业投资在出口链条和盈利等因素影响下恢复力度仍需观察，消费在居民储蓄倾向抬升以及当前较高失业率情况下拉动作用可能有限，外贸形势需要关注海外持续加息对全球经济需求端的影响。整体来看，下一阶段经济恢复动能面临考验。猪价回升叠加原油处于高位，或推动CPI温和抬升，但尚不足以对货币政策构成制约，流动性大概率保持合理充裕，海外方面关注未来美联储操作的节奏和力度变化。总体来看，市场影响因素多空交织，债券市场或维持震荡走势。","fund":{"_id":3000000000736,"__csrcFundId":2354,"stockCode":"000736","shortName":"诺安聚利债券(000736)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":736,"masterFundFlag":1,"lastUpdated":"2026-04-30T17:37:16.828Z","status":"normal","inceptionDate":"2014-11-12T16:00:00.000Z","name":"诺安聚利债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安聚利债券","pinyin":"najlzqxzqtzjj","managers":[{"stockCode":"db20646212","stockType":"fund_manager","exchange":"fm","tickerId":72408185470,"name":"郭晓晖"}]},"announcement":{"linkText":"诺安聚利债券型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=786432","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec23ed4369c9c836daee8","date":"2022-03-30T16:00:00.000Z","stockId":3000000000736,"sao":"2022年1季度，纯债市场收益率呈现宽幅震荡走势。1月份，央行降息叠加疫情反复以及经济数据偏弱影响，市场收益率整体下行；2月份，春节后伴随美国劳动力市场的靓丽数据以及原油价格走高，加上国内公布的1月金融数据超乎预期，债券利率出现回调；3月份，市场震荡回暖，一方面经过2月的调整后，从情绪、相对估值上有一定博弈的价值，另一方面，面对俄乌冲击、国内疫情，市场对3月经济数据转弱的预期上升。总体来看，10年国债收益率收于2.79%附近，10年国开债收益率下行至约3.04%；信用方面，短期限品种表现要好于中长端。 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