window.pageData = {"stock":{"_id":3000000004062,"name":"华夏鼎隆债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"004062","tickerId":4062,"shortName":"华夏鼎隆债券C","exchange":"jj","inceptionDate":"2017-02-15T16:00:00.000Z","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","status":"normal","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"hxdlzqxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50030000","tickerId":50030000,"name":"华夏基金管理有限公司"},"managers":[{"name":"孙蕾","stockType":"fund_manager","stockCode":"db20815230","exchange":"fm","tickerId":1912219230}],"hotMetrics":{"fss":{"stockId":3000000004062,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0,"f_ind_h_s_r":1,"f_h_a":93,"f_h_s_a":88326,"f_ind_h_s_r_c_1y":0,"f_ind_h_s_r_c_hy":0,"f_ins_h_s_r_c_1y":0,"f_ins_h_s_r_c_hy":0,"last_data_date":"2025-06-29T16:00:00.000Z"},"fpr":{"stockId":3000000004062,"type":"fpr","f_p_r_fys_ssc":7464,"f_p_r_fys_ssrp":0.40895082406538924,"f_p_r_m1_ssc":7585,"f_p_r_m1_ssrp":0.3720991561181435,"f_p_r_m3_ssc":7496,"f_p_r_m3_ssrp":0.2907271514342895,"f_p_r_m6_ssc":7302,"f_p_r_m6_ssrp":0.5186960690316395,"f_p_r_y1_ssc":6833,"f_p_r_y1_ssrp":0.6109484777517564,"f_p_r_y2_ssc":5885,"f_p_r_y2_ssrp":0.5037389530931339,"f_p_r_y3_ssc":4903,"f_p_r_y3_ssrp":0.24622603019175845,"f_p_r_y5_ssc":3298,"f_p_r_y5_ssrp":0.22232332423415227,"f_cagr_p_r_fs_ssc":7291,"f_cagr_p_r_fs_ssrp":0.6204389574759945},"fp":{"stockId":3000000004062,"type":"fp","f_p_r_fys":0.011356901850620993,"f_p_r_m1":0.003381315814897201,"f_p_r_m3":0.008232114667148904,"f_p_r_m6":0.010773024645680751,"f_p_r_y1":0.016521027783634068,"f_p_r_y3":0.11221875006166626,"f_p_r_y5":0.2018030249549907,"f_cagr_p_r_fs":0.02656542353062674,"f_p_r_d1":0,"f_p_r_y2":0.05225726185490309,"last_data_date":"2026-05-05T16:00:00.000Z"},"ff":{"stockId":3000000004062,"type":"ff","f_m_f":1614300,"f_m_f_r":0.003,"f_c_f":538100,"f_c_f_r":0.001,"f_m_a_c_f":2152400,"f_m_a_c_f_r":0.004,"f_m_c_f_d":"2024-06-29T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2025-05-29T16:00:00.000Z","f_m_fr":0.003,"f_mac_fr":0.004},"f_nlacan":{"stockId":3000000004062,"type":"f_nlacan","f_nv_d":"2026-05-05T16:00:00.000Z","f_nv":1.0386,"f_nv_cr":-0.00038498556304134013},"f_as":{"stockId":3000000004062,"type":"f_as","f_tas":1149870.7948,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj"}],"bondHoldings":[{"_id":"69e8f9201398d798430001fc","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000004061,"stockCode":"212480018","stockName":"24湖南银行债01","holdings":1000000,"marketCap":101713830,"netValueRatio":0.0996,"lastUpdated":"2026-04-22T16:36:48.910Z"},{"_id":"69e8f9201398d798430001fd","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000004061,"stockCode":"212580029","stockName":"25南京银行债01BC","holdings":1000000,"marketCap":101567780,"netValueRatio":0.0995,"lastUpdated":"2026-04-22T16:36:48.915Z"},{"_id":"69e8f9201398d798430001fe","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000004061,"stockCode":"2420006","stockName":"24桂林银行","holdings":1000000,"marketCap":100929616,"netValueRatio":0.0988,"lastUpdated":"2026-04-22T16:36:48.918Z"},{"_id":"69e8f9201398d798430001ff","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000004061,"stockCode":"250220","stockName":"25国开20","holdings":800000,"marketCap":80236515,"netValueRatio":0.0786,"lastUpdated":"2026-04-22T16:36:48.922Z"},{"_id":"69e8f9201398d79843000200","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000004061,"stockCode":"260401","stockName":"26农发01","holdings":600000,"marketCap":60251589,"netValueRatio":0.059,"lastUpdated":"2026-04-22T16:36:48.925Z"}]},"list":[{"_id":"69e8ea821398d79843fe8811","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000004061,"sao":"2026年第一季度，宏观经济层面的高频数据依旧保持较高的景气度，债券市场整体以区间震荡为主。在相对充裕的流动性环境支撑下，中短期限利率债估值较去年年末有所下移。整个一季度，关键期限的国债利率大多在相对低位震荡运行，季末略有波动；长期限利率品种则出现一定上行，使得整条收益率曲线明显陡峭化，期限利差有所走阔。分月份看，1月市场流动性平稳，叠加信贷相关预期有所调整，债市迎来修复行情，品种和久期层面均呈现轮动特征。2月利率走势先抑后扬，配置型资金进场推动长端品种率先修复，随后部分获利了结盘出现，利率有所反弹。进入3月，受海外地缘冲突影响，大宗商品价格有所上行，通胀预期有所抬升，带动债市长短端明显分化：长端利率承压调整，而中短端在宽松资金面和配置需求支撑下表现相对稳健。整体来看，年初以来债券市场呈现出明显的结构特征：信用类资产整体表现好于利率类资产，侧重持有票息的策略效果优于主动拉长久期的策略，收益率曲线整体呈现陡峭化运行态势。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","lastUpdated":"2026-04-22T15:34:26.077Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2026年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1480038","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec88","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000004061,"sao":"2025年四季度，美国经济扩张节奏出现放缓迹象，既有政府停摆事件带来的外部扰动，也有受居民消费意愿降温形成的内生拖累。与此同时，就业市场景气度有所回落，通胀水平则呈现温和下行态势，多重因素共同放大了市场对于美联储开启降息周期的预期。映射到美元指数走势上，其整体呈现先强后弱的特征：前期在流动性收紧预期的支撑下，指数处于震荡上行区间；后期随着降息政策落地以及短期国债购回计划重启，指数走势逆转并步入下行通道。国内经济领域，在年初政策靠前发力的拉动效应逐步衰减后，四季度经济回升的内生动力有所减弱，复苏进程的推进节奏边际放缓。从需求结构观察，外需端表现相对坚挺，出口增速得以维持在较高位置；内需端则面临一定压力，消费领域受上年同期高基数效应以及“以旧换新”等政策拉动作用边际减弱的影响，增速呈现逐步回落态势；基建投资与信贷需求同样出现环比走弱的迹象。整体而言，经济运行延续“外需偏强、内需偏弱”的结构特征，新旧动能转换过程中的分化问题仍未得到根本性改善。货币政策方面，央行通过重启国债买卖等流动性调节工具，着力维护市场资金面的平稳宽松格局。债市层面，四季度行情呈现多空博弈加剧、超长端品种承压明显的格局。期间，国债买卖等重磅利好政策相继落地，曾一度推动长端债券收益率中枢下移。但后续购债规模未达市场预期，叠加相关报告对中长期国债收益率运行区间给出清晰指引，债市“上有顶、下有底”的区间震荡特征愈发凸显。临近年末，机构行为对债市的扰动进一步加大，基金费用相关新规尚未落地、银行面临年末考核压力、机构兑现利润需求上升等多重因素交织共振，超长端债券价格出现破位下跌。尽管中央经济工作会议召开后，市场对“双降”的预期有所升温，短暂提振债市做多情绪，但超长端债券波动依旧剧烈，收益率几经冲高回落。从全季度表现来看，债券收益率较三季度末出现小幅修复，收益率曲线形态朝着陡峭化方向演进；信用债则受益于摊余成本法债基带来的增量资金支撑，整体表现优于利率债，信用利差也随之收窄。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","lastUpdated":"2026-03-09T13:14:13.374Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1454706","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec87","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000004061,"sao":"2025年三季度，宏观经济高频指标较二季度回落，但在“反内卷”交易与股市上行带动风险偏好抬升的共同作用下，债市走出“熊陡”走势，调整分三阶段展开：7月中旬起商品市场“反内卷”落地，通缩预期减弱、风险偏好上升触发机构赎回，债市加速回调。8月经济数据不及预期的利好未提振债市，反而因股市升温遭遇集中赎回，10年期国债收益率估值突破1.8%。9月月初随权益市场降温，债市情绪修复、收益率微降；后因公募销售费用新规征求意见稿公布，市场担忧债基规模收缩，债市转弱，10年期国债收益率估值触及1.9%。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","lastUpdated":"2026-03-09T13:14:13.371Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1379207","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec86","date":"2025-06-29T16:00:00.000Z","stockId":3000000004061,"sao":"2025年上半年债市呈高波动、重交易的特征，债券收益率曲线平坦化，10年期与1年期国债利差收窄。1-2月，流动性压力初步显现，资金价格抬升，负Carry压力下，利率债和信用债收益率先后明显上行。3月上半月，在基本面修复预期转暖、政府债发行节奏前置的背景下，长期限债券开始补跌，期限利差走阔，3月下半月，随着10Y国债利率上行至接近1.9%，即回到2024年12月9日政治局会议宣布“适度宽松”之前，货币政策宽松预期被大幅修正，叠加央行开始进行公开市场净投放呵护市场，收益率开始回落。4月，债券市场经历了关税冲击，市场对于基本面的担忧情绪推动长端利率由此前的1.80%逐步降至1.62%附近，关税扰动带来的基本面压力导致资金价格亦小幅回落。5月央行一揽子货币政策落地，中美日内瓦会谈大幅下调双方加征关税，利多出尽叠加基本面预期显著改善，债市5月走势偏弱，利率全月冲高回落。6月的交易主线或依然围绕关税与基本面两大变量，关税缓和预期落空，基本面数据平淡，债市在流动性趋松的环境下，上演了“压利差”行情，利率曲线整体下行，曲线小幅陡峭化，利率挑战前低水平。报告期内，本基金配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.369Z","mo":"展望下半年，债市预计延续震荡偏强格局，收益率中枢有望小幅下行，10年期国债收益率低点难破1.5%，高点预计在1.7%~1.8%。判断年初低点1.6%已隐含悲观关税预期与多次降息预期，但下半年关税大幅恶化概率降低，央行降息空间有限，而贷款等广谱利率牵制、出口不确定性及对冲政策力度有限等均构成利率上行阻力，突破1.8%的阻力位需货币政策大幅收紧或内需超预期反弹。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1347545","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec85","date":"2025-03-30T16:00:00.000Z","stockId":3000000004061,"sao":"2025年一季度，随着宏观经济高频指标较去年末改善，资金利率中枢抬升，债券市场走出熊平走势。分月来看：1月上旬至1月中下旬，流动性压力初步显现，资金价格抬升，负Carry压力下，中短期限利率债收益率快速上行，短端信用利差被动收窄。1月中下旬至2月初，流动性压力未得缓解，压力从利率品种传导至信用品种，短期限信用债收益率迅速上行，短端信用利差走阔。但此时流动性冲击尚未传导至长端债券，长期及超长期限债券的期限利差反而有所缩窄，表现出较强的“韧性”。3月上半月，在基本面修复预期转暖、政府债发行节奏前置的背景下，长期限债券开始补跌，期限利差走阔；同时，长期限信用债收益率进一步攀升，信用利差也重回上行轨道。三月下半月，随着10Y国债利率上行至接近1.9，即回到2024年12月9日政治局会议宣布“适度宽松”之前，货币政策宽松预期被大幅修正，叠加央行开始进行公开市场净投放呵护市场，收益率开始回落。报告期内，本基金对债券资产，配置了合理的仓位和久期，并根据市场情况进行一定的波段操作。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.366Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1271730","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec84","date":"2024-12-30T16:00:00.000Z","stockId":3000000004061,"sao":"2024年，在中国经济新旧动能转换的大环境下，宏观层面表现为量增价跌、融资需求不足、物价偏弱、货币政策偏松等。 2024年上半年，国内宏观经济分化，体现在总需求与总供给背离、宏观与微观背离。需求方面，社融增速明显下滑，投资链条景气度较去年进一步走弱；消费增速在1-2月短暂回升后，3月以来逐渐下滑；出口得益于全球贸易周期而有所改善。二季度以来，在需求无明显改善的情况下，高产量难以为继，总供给逐渐向总需求收敛，经济增速明显回落。三季度，投资链条继续走弱，新开工项目投资增速继续下滑；居民部门信贷增长乏力，内需不足的矛盾进一步突出。四季度，在国内政策的不断刺激下，PMI有所回升，社融增速由回落转为企稳，信贷增速持续续走低，经济较三季度稍有起色。2024年以来在平稳宽松的流动性环境下，宏微观的共振走弱、信用收缩与广谱利率的下行牵引，债券整体呈现牛市行情，利率几乎单边下行，10年国债收益率来到“1”时代。一季度，基本面弱修复+宽货币预期强，5年期LPR非对称下调25bp触发降息预期再次升温，欠配压力下利率明显下行。二季度，4月供给缺位下，禁止手工补息事件导致存款大量出表，债券配置需求大幅增加，利率快速走低。5-7月央行反复警示长端利率风险，弱基本面叠加监管扰动下，利率陷入窄幅震荡。8月央行开始实质性卖债带动长债调整，但在欠配压力下长债收益率重回下行。9-10月，政策全面转向，政治局会议表态积极，股债跷跷板下，非银负债端不稳，债市快速调整。随着后续政策预期趋于平稳，利率转为下行。11-12月，政策力度重估，12月9日政治局会议将货币政策基调转为“适度宽松”，市场开始超前博弈降息，机构抢跑下十年国债逐渐临近2.0%。月底非银同业存款自律落地，全面推动利率向下突破。报告期内，本基金配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.363Z","mo":"展望2025年，债券市场方面，可能会出台一定稳增长政策，利率较当前水平将有向上调整的可能性，但经济压力仍存，债券市场仍有较多的配置资金，货币政策预计保持宽松的格局。在此环境下，债市波动将明显放大，中期债券不看空，债市有一定交易性机会。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1250954","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec83","date":"2024-09-29T16:00:00.000Z","stockId":3000000004061,"sao":"2024年3季度，国际方面，海外周期下行进一步确定，美联储降息，美债收益率大幅回落，美股保持高位，人民币升值。国内经济方面，投资链条继续走弱，新开工项目投资增速继续下滑；居民部门信贷增长乏力，内需不足的矛盾进一步突出。国内债市方面，3季度债券收益率曲线本来呈下行趋势，至9月末，政府出台了一系列刺激资本市场的政策，政策力度超出市场预期，政治局会议也再次释放积极信号，风险偏好反转，收益率大幅回调。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况进行一定的波段操作。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.361Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1175506","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec82","date":"2024-06-29T16:00:00.000Z","stockId":3000000004061,"sao":"2024年上半年，国际方面，美债收益率上行，之后美国通胀数据降温，美债收益率回落；美元指数走强，美股继续上涨。国内经济方面，经济数据总体平稳，地产政策有所放松，政策效果有待观察，经济结构继续分化。国内债券市场方面，整体走出牛市行情，1季度，在配置力量和对经济潜在增速的下修预期下，债券收益率顺畅下行，3月后小幅震荡，市场对偏长久期品种更为追捧，利率债收益率曲线上下行幅度最大的是30年国债收益率；银行间流动性相对2023年偏紧，收益率曲线中短端受益有限，收益率曲线明显平坦化。2季度，债券市场资产荒的主线逻辑未变，各品种、期限的收益率曲线整体继续下行。4月在央行发话长债收益率需匹配合意区间和超长特别国债即将发行的消息下，长端收益率小幅上行；5月特别国债发行落地，计划发行时间长于预期，供给冲击利空缓释，长端利率开始小幅下行。报告期内，本基金配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.358Z","mo":"展望2024年下半年，债券市场方面，可能会出台一定稳增长政策，利率较当前水平将有向上调整的可能性，但经济压力仍存，债券市场仍有较多的配置资金，货币政策预计保持宽松的格局。在此环境下，中期债券不看空，债市有一定交易性机会。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆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=1144491","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec81","date":"2024-03-30T16:00:00.000Z","stockId":3000000004061,"sao":"2024年1季度，国际方面，美债收益率上行，美元指数走强，美股继续上涨。国内经济方面，一季度，国内经济走势整体环比平稳，月度高频测算的总量增速与去年四季度实际增速较为接近；但结构分化进一步加大，转型加速期中，传统动能延续下滑且速率并无明显收窄，新兴动能对总量贡献上升，但市场关注度仍待加强。金融市场一季度波动较大，主线逻辑延续了2023年，且随着传统经济动能的放缓，市场认知进一步强化。国内债券市场方面，在配置力量和对经济潜在增速的下修预期下，债券收益率顺畅下行，3月后小幅震荡，1季度债市整体走出牛市行情，市场对偏长久期品种更为追捧，利率债收益率曲线上下行幅度最大的是30年国债收益率；银行间流动性相对2023年偏紧，收益率曲线中短端受益有限，收益率曲线明显平坦化。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况，进行了一定的波段操作。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.356Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1066926","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec80","date":"2023-12-30T16:00:00.000Z","stockId":3000000004061,"sao":"2023年，国际方面，美联储多次加息，美债收益率震荡上行，10年美债收益率到4季度一度向上突破5%，之后在美联储暂停加息后美债收益率又快速下行，年底回到了4%以下；美元走强，人民币对美元汇率从年初的6.9附近一度突破7.3，到年底回落至7.1附近；受人工智能科技股提振的影响，美股纳指大幅上涨。国内债市方面，债券全年走出牛市行情：一季度，理财赎回潮逐渐企稳且在2季度出现较强的配置需求，信用债收益率大幅下行，信用利差明显收窄；3月央行宣布降准0.25个百分点，略超市场预期，利率债收益率小幅下行；6月央行超预期调低政策利率0.1%后，债券收益率继续下行，10年国开收益率估值下行至年内新低2.65%；8月下旬后，一线和强二线限购限贷放松加码等政策密集出台，市场风险偏好发生一定转变，叠加季度末资金面偏紧和债基有一定赎回，信用债收益率出现较大上行；4季度受利率债超预期供给冲击的影响，叠加资金面边际转紧，各品种收益率估值曲线上行；12月中，在央行MLF超额续作后，资金面转松叠加配置资金抢跑，债市情绪出现好转，收益率曲线短期内有较多下行，30年超长国债突破年内新低，3年中票估值曲线在最后半个月下行20bp以上。报告期内，债券方面，本基金配置了合理的仓位和久期，并根据市场情况，进行了一定的波段操作。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.353Z","mo":"展望2024年，债券方面，预计GDP增速有望较2023年提升，主要关注政策脉冲和地产负增速收敛的时点与速度，资金面紧张的情况预计较2023年Q4明显缓和，同时债券市场仍有较多的配置资金。在此环境下，中期债券不看空，债市有一定交易性机会。2024年，基本面和货币政策对债券市场影响较为中性，低等级信用债的信用风险依然需要规避。2024年，本基金会保持债券的合理仓位，并根据市场情况，进行一定的波段操作。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆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=1048942","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec7f","date":"2023-09-29T16:00:00.000Z","stockId":3000000004061,"sao":"2023年3季度，国际方面，美联储继6月暂停加息后再次加息25BP，美债长端收益率继续上行，美元走强，人民币对美元汇率一度突破7.3。国内债市方面，季度初，一方面理财规模回升带来新的配置需求，另一方面有宽信用政策不断落地，债券收益率小幅波动。8月下旬以来，一线和强二线限购限贷放松加码等政策密集出台，虽然政策效果有待观察，但市场风险偏好发生一定转变。临近季度末资金面偏紧，1年存单收益率大幅上行，叠加债基有一定赎回，多重因素下，市场担心再次出现赎回潮的负反馈效应，信用债收益率出现较大上行，债券基金收益出现较大回调。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.351Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆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=986414","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec7e","date":"2023-06-29T16:00:00.000Z","stockId":3000000004061,"sao":"2023年上半年，国际方面，美债收益率受加息预期影响先下后上，之后因硅谷银行暴雷再下，美国银行业危机引发的恐慌情绪平复后，随着美国债务上限风险逐渐缓和，美国经济数据稳健叠加美联储中性偏鹰派表述，美债收益率开始新一轮上行，美元走强，人民币对美元汇率一度突破7.2。受人工智能科技股提振，美股上半年上涨。国内经济方面，年初防疫政策放松后，部分高频数据展现一定经济修复特征，但随后经济政策退坡且经济数据走弱，一直没有足够扭转预期的政策切实出台，3月政府工作报告较为谨慎的将今年GDP增速目标设为5.0%左右。国内债市利率债方面，1季度，在没有明显利多或利空的环境下，利率债对基本面较为钝化，维持窄幅震荡；3月央行宣布降准0.25个百分点，略超市场预期，利率债收益率小幅下行；6月央行超预期调低政策利率0.1%后，10年国开收益率下行至年内新低2.76%，30年国债收益率跌破3%，创2006年以来新低。国内债市信用债方面，年初，2022年4季度开始的理财赎回潮尚未结束，信用债收益率小幅上行，但之后赎回逐渐企稳且在2季度出现较强的配置需求，信用债收益率大幅下行，信用利差明显收窄。2023年上半年，中债财富指数上涨2.65%。报告期内，债券方面，组合配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.348Z","mo":"展望2023年下半年，预计货币政策保持宽松的格局大概率不变，上半年经济数据走弱，下半年可能有一定稳增长政策出台，但政策定力较强，可继续观望，在此环境下，中期债券不看空，债市有一定交易性机会。2023年下半年，基本面和货币政策对债券市场影响较为中性，低等级信用债的信用风险依然需要规避。本基金会保持债券的合理仓位，并根据市场情况进行一定的波段操作。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆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=957710","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec7d","date":"2023-03-30T16:00:00.000Z","stockId":3000000004061,"sao":"2023年1季度，国际方面，美债收益率受加息预期影响先下后上，之后因硅谷银行暴雷再下。国内债市方面，利率债方面，防疫政策放松后，部分高频数据展现一定经济修复特征，PMI指数在荣枯线上持续提高；社融信贷改善，政策控制信贷表述增多；房地产政策方面，中央频频表态释放积极信号并推出多项维稳政策，但房地产政策仍在房住不炒底线下以一城一策方式推进，并非大幅刺激. 1、2月,在没有明显利多或利空的环境下，利率债对基本面较为钝化，维持窄幅震荡；3月，政府工作报告较为谨慎的将今年GDP增速目标设为5.0%左右，此后央行宣布降准0.25个百分点，时点略超市场预期，利率债收益率小幅下行。信用债方面，银行间资金面一度偏紧，但银行理财赎回潮逐渐企稳，信用债投资需求有所恢复，其中，高等级银行二永债理财先上后下，城投债修复明显。存单方面，1季度，商业银行资本管理办法征求意见稿出台，银行自营持有二级资本债和存单的性价比下降，带来一定偏空影响，叠加资金偏紧，1年存单收益率小幅上行。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.345Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆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=881048","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec7c","date":"2022-12-30T16:00:00.000Z","stockId":3000000004061,"sao":"2022年，年初，俄乌局势紧张,大宗商品在原油带动下全面上涨，美联储开启加息周期。在整个2022年期间，美联储加息较为激进，美债市场大幅走熊，10年美债收益率从年初1.52%快速上行，10月触及4.25%的年内高点后小幅回落至3.88%。美股由牛转熊，全年震荡下行。人民币汇率承受贬值压力，自8月下旬开始急贬，一度向上突破7.3后回落至7附近。国内债市方面，债券收益率上半年保持平稳，下半年先下后上，呈现U型走势，波动较为剧烈。2022年上半年，在宽信用预期及宽货币政策的预期反复扰动下，债券收益率基本维持横盘，10年国开收益率振幅不到20BP。下半年初，在银行间流动性持续偏松、经济复苏预期减弱、房地产出现风险事件等因素下，长端利率收益率小幅走低；8月，央行意外进行年内二次降息，向市场释放了比较明确的宽松政策信号，主要债券收益率快速下行，走出了明显的牛市行情。11月，在防疫政策优化叠加地产融资边际放松情况下,市场对稳增长预期上升，债市由牛转熊，各品种期限收益率快速上行，之后表现有所分化，其中利率债长债整体震荡，但信用债方面在情绪逆转后由于基金和理财的持续赎回，加强了负向反馈效应，调整幅度明显超过利率债。 国内股市方面，A股整体表现为较大熊市：1季度A股在俄乌危机、国内疫情超预期扩散、房企违约风险、外盘普跌以及中概股退市风险的因素下持续下跌，上证指数下跌超20%，跌破至2900点；4月底在疫情见顶和稳增长政策作用下出现明显反弹；7月在汇率贬值、疫情扩散和政策担忧多重打击下再度下跌； 4季度在疫情管控放开方向确定和地产政策频出的共同作用下有所上涨。转债跟随正股下跌，估值也有所压缩，亦表现较差。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况，进行了一定的波段操作","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.343Z","mo":"展望2023年，在内生动力不足、潜在增速下行、财政发力空间有限的情况下，社融企稳而非向上、经济修复性回升而非过热回升的可能性更大，央行收紧货币政策的概率较低，在此背景下，2023年债券市场大概率呈现震荡格局。经过2022年的债市年末调整后，信用债配置价值明显提升。2023年，基本面和货币政策对债券市场影响较为中性，信用债具有较好的配置价值。本基金2023年会投资在债券资产上，并将根据市场情况进行一定的波段操作。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作、审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆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=865590","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec7b","date":"2022-09-29T16:00:00.000Z","stockId":3000000004061,"sao":"2022年3季度，国际方面，美联储继续加息，且态度比市场预期更加偏鹰，10年期美债收益率大幅上行突破3.9%，国际油价大幅下跌接近年内低点，市场避险情绪升温，欧美股市先涨后跌。国内债市方面，债市突破了今年上半年的震荡行情，走出比较明显的小牛市行情。7月，银行间流动性持续保持偏松，1年存单收益率大幅下行。7月社融信贷数据不佳，体现出国内经济复苏依然偏弱；房地产出现烂尾断供和地产供应商停止还贷等风险事件；政治局会议经济增长方面新增政策有限，市场对后续经济基本面恢复存疑，长端利率收益率小幅走低后低波震荡。8月，央行进行年内二次降息，调降了OMO、MLF利率各10bp，向市场释放了比较明确的宽松政策信号，主要债券收益率快速下行，均向下突破今年1月低点。8月，社融信贷有所修复，债券收益率小幅震荡。9月临近季末，人民币即期汇率向上突破7.2，叠加银行间资金较紧，债券收益率快速上行。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.340Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆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=803490","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec7a","date":"2022-06-29T16:00:00.000Z","stockId":3000000004061,"sao":"22年上半年，国际方面，全球资本市场发生剧烈震荡，海外市场通胀超预期，俄乌局势紧张，布伦特原油价格大幅上涨，一度逼近140美元，美联储加速加息缩表，10年美债收益率从2021年底的1.52%大幅上行，一度逼近3.5%，6月加息落地后回落至2.98%，中美10年期国债利率深度倒挂，人民币汇率承受贬值压力，即期汇率从6.37上升至6.69，海外股市普遍深度下跌，上半年道指下跌15%，纳指下跌30%。国内方面，疫情出现超预期的扩散，包括北京、上海等多个城市进入静止状态，经济受到一定冲击，货币政策保持宽松，国内债市呈现窄幅震荡局面。1月多个政策利率下调，金融统计数据发布会上，央行进行鸽派表述，市场预期货币政策会进一步宽松，叠加国内疫情小幅扩散和股市大跌，1月债券收益率持续下行，10年国开收益率估值从年初的3.08最低下行到2.92。春节假日后，受1月金融数据超预期以及一系列各地房地产放松政策的影响，叠加股票下跌行情下出现一定基金赎回，债券出现了几次收益率的上行冲击，但在2月社融数据大幅低于市场预期，国内疫情大幅扩散和降准降息的传闻的情况下，收益率在3月11号大幅反转。4月，国内疫情影响超出预期，多个城市进入静止状态，房地产政策放松，政府多次召开会议，部署和推进稳增长工作，国常会提出降准后，央行虽然很快宣布降准0.25个百分点，但幅度不及预期，信号意义大于实际意义，叠加还不错的一季度经济数据，10年国开收益率上行到3.08，接近年内前高。5月陆续公布的4月经济数据均偏弱，进出口数据不及预期，社融数据总量和结构以及国内经济数据继续走弱，10年国开收益率持续下行接近年内前低。但随着上海北京的疫情好转和复产复工的推进，以及地产、汽车和基建等方面都有稳经济政策陆续推出，宽信用预期继续升温，市场开始交易复苏，长债收益率再度小幅上行。报告期内，本基金对债券资产配置了合理的仓位，并根据市场情况进行一定的波段操作。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.338Z","mo":"展望2022年下半年，一方面，短期内货币政策保持宽松的格局大概率不变，长期可能向中性回归；另一方面，下半年地产推动宽信用的前景已经基本破灭，社融数据主要取决于财政有无增量政策。在此政策环境下，宏观基本面预计波动不大，债市短期有一定机会，中期成震荡行情。2022年下半年，基本面和货币政策对债券市场影响较为中性，低等级信用债的信用风险依然需要规避，股市有结构性行情机会。2022年下半年，本基金会保持股票和债券的合理仓位，并根据市场情况进行一定的波段操作。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"84华夏鼎隆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=781295","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec79","date":"2022-03-30T16:00:00.000Z","stockId":3000000004061,"sao":"2022年1季度，国际方面，美联储议息会议3月如期加息25个基点，且2022年累计将有7次加息，美债收益率大幅上行；俄乌局势紧张，布伦特原油油价从年初的77美元大幅上涨，一度逼近140美元，大宗商品在原油带动下全面上涨；海外股市普遍下跌。国内债市方面，1月多个政策利率（MLF/OM/LPR）下调，金融统计数据发布会上，央行进行鸽派表述，市场预期货币政策会进一步宽松，叠加国内疫情小幅扩散和股市大跌，1月债券收益率持续下行，10年国开收益率估值从年初的3.08最低下行到2.92。春节假日后，受1月金融数据超预期以及一系列各地房地产放松政策的影响，叠加股票下跌行情下出现一定基金赎回，债券出现了几次收益率的上行冲击，但在2月社融数据大幅低于市场预期，国内疫情大幅扩散和降准降息的传闻的情况下，收益率在3月11号大幅反转，当日部分活跃品种收益率先上后下振幅达十余BP，随后在MLF并未降息、经济数据高于市场预期的因素下，收益率再次小幅上行。3月16日，受到国务院金融委会议正面发声提振金融市场影响，债市收益率由上转下，但之后在房地产调控放松的政策预期下再度上行。报告期内，债券方面，本基金配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。股票方面，组合根据市场情况保持了合理仓位。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.335Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=722176","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec78","date":"2021-12-30T16:00:00.000Z","stockId":3000000004061,"sao":"2021年，新冠疫苗在全球推广，发达国家接种疫苗速度较快，虽然出现了多种变异病毒，但整体来看全球疫情趋向缓解。拜登平稳就任美国总统，海外主要经济体出台了大规模刺激方案，随着疫情的缓解和经济的复苏，美国Taper进程加快，全球流动性面临收敛趋势，多个国家央行宣布加息。2021年，国际大宗商品价格上涨；美债10年收益率先上后下再上，从0.93上行到1.52；美股全年大涨，纳指上涨21%，再创新高。国内债市方面，2021年利率债收益率先上后下，总体下行，10 年期国债收益率全年从3.73%下行40bp到3.33%。年初资金面边际收紧，通胀预期升温，债券收益率小幅上行；进入3月后，资金面维持宽松，国内商品价格在政府部门多次给予关注后高位企稳，机构配置债券需求较强，债市收益率震荡下行；7月国常会意外提及降准，央行随后不久即宣布降准置换MLF，超出市场预期，叠加河南暴雨、国内疫情扩散和股市下跌，进一步推动收益率下行；降准后，市场期待的货币政策放松未见落地，叠加动力煤期货国庆节后连续涨停，收益率在震荡中小幅上行；10月中旬后，发改委出台多个稳定商品价格政策，商品价格和通胀预期降低，资金面维持宽松，叠加新冠疫情继续爆发和房企信用危机爆发导致市场风险偏好降低，利率再度下行。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况进行一定的波段操作","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.332Z","mo":"展望2022年，上半年，央行收紧货币政策的概率较低，在经济增速下台阶，政策更注重稳信用而非宽信用叠加供需格局有利的前提下，资产荒格局延续，当前宏观环境与政策状态对于债券仍然有利。但展望下半年，社融回升、地产放松、海外收紧等因素可能会带来利率上行风险。在此背景下，2022年债券市场大概率呈现震荡格局，资质较差的信用债的信用风险还不能显著改善。总体上，2022年，基本面和货币政策对债券市场影响较为中性，资质较差的信用债的信用风险依然需要规避。2022年，本基金将继续投资在债券资产上，并根据市场情况进行一定的波段操作。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=711317","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec77","date":"2021-09-29T16:00:00.000Z","stockId":3000000004061,"sao":"2021年3季度，国际方面，美联邦公开市场委员9月议息会议开始向市场释放Taper(缩减购债)大概率将在年内启动的信号，美债收益率3季度持续小幅下行后迅速上行，美股3季度冲高回落。国内方面，出现多地局部新冠疫情；受环保限产、澳洲煤炭进口缺失等多重因素影响，黑色系期货价格连续上行，股市相关板块表现抢眼。6月宏观数据尚可，但7、8月经济和社融数据已出现明显下滑，PMI跌至近荣枯线。债市方面，3季度整体为牛市行情，但主要涨幅集中在7月份：7月国常会意外提及降准,超出市场预期，央行随后不久即宣布降准置换MLF，10年国开收益率短时间内迅速下行16bp；7月下半月，央行连续净投放，资金面持续宽松，1年CD收益率最低下行到2.7,叠加河南暴雨、南京疫情和股市下跌，债券收益率继续小幅下行。8、9月利率债市场缺乏主线，对经济数据反应钝化，对降准降息有一定期待，主要跟随宽信用和宽货币的不同政策消息小幅震荡；信用债方面，8月传出监管强势整改摊余成本理财产品、银行资本补充工具被纳入需按市值估值范围的消息，引发二级资本债、银行永续债收益率较大抛盘，收益率大幅上行数十bp，信用债各期限收益率也随着9月资金面变紧和银行理财整改上行10bp以上。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.330Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=652609","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec76","date":"2021-06-29T16:00:00.000Z","stockId":3000000004061,"sao":"2021年上半年，国际方面，疫苗在全球推广，全球经济开始重新启动，但印度等国家由于出现变异病毒而感染人数再度暴增，全球疫情具有较大不确定性。拜登平稳就任美国总统，推动刺激计划，主要经济体实继续实行宽松货币政策，全球通胀预期升温，原油价格突破70美元，美债收益率1季度一度突破到1.7以上,进入2季度后下行，国内商品价格持续上涨，政府部门多次给予关注后高位企稳。国内债市方面，上半年宏观经济出现见顶回落的迹象，国内各项宏观数据普遍走弱，主要拖累来自投资活动疲弱。同时，货币和财政政策力度逐渐减弱，政府对金融风险和地产调控关注上升。1月上半月，银行间资金面异常宽松，机构大幅加杠杆，信用债收益率一路下行；但进入税期后资金面季度紧张，银行间隔夜回购利率从上半月的1以下上升到最高20以上，引发了市场对央行会收紧货币政策的猜测，国内债市小幅下跌；但进入3月后，资金面一直维持宽松，利率债地方债供给较少，机构普遍欠配，短端下行较多，带动长端持续下行，债券走出小牛市。但6月央行操作没有显现更加宽松的信号，收益率小幅震荡。上半年整体来看，信用债收益率大幅下行，其中中低等级下行幅度明显大于高等级债券，利率债收益率短端大幅下行，中端小幅上行，长端小幅下行。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况进行一定的波段操作。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.327Z","mo":"展望2021年下半年，一方面7月份国常会意外提出降准，随后央行宣布全面降准，将释放出万亿资金置换中期借贷便利（MLF），货币政策宽松程度超出预期；另一方面，海外经济持续复苏，海外加息尚未出现超预期提前的迹象，国内下半年广义财政和地产投资相关融资有望回升，不排除融资需求回升的可能性。在宽货币和宽财政的政策环境下，债市预计成震荡行情。2021年下半年，基本面和货币政策对债券市场影响较为中性，低等级信用债的信用风险依然需要规避。2021年下半年，本基金会继续投资在债券资产上，并根据市场情况进行一定的波段操作。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=631893","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec75","stockId":3000000004061,"sao":"2021年1季度，全球新冠疫情出现缓解，拜登平稳就任美国总统，预计会推出超大规模的刺激政策，全球经济复苏确定性较高，各国股市纷纷创出新高，全球通胀预期升温，原油价格一度突破70美元，美债收益率快速上行，一度突破到1.7以上，美元指数走强，多个新兴市场央行加息。国内宏观经济出现见顶回落的迹象，货币和财政政策力度逐渐减弱，同时政府对金融风险和地产调控关注上升。1月上半月，银行间资金面异常宽松，机构大幅加杠杆，信用债收益率一路下行；但进入税期后，资金面极度紧张，银行间隔夜回购利率从上半月的1以下上到最高20以上，引发了市场对央行会收紧货币政策的猜测，叠加美债利率上行，国内债市小幅下跌；进入3月后，资金面维持宽松，配置力量较强，债券收益率小幅下行；1季度整体来说，利率债小幅下跌，信用债小幅上涨，信用利差缩窄。报告期内，本基金对债券资产，配置了合理的仓位和久期，并根据市场情况，进行一定的波段操作。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.325Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"66华夏鼎隆债券型证券投资基金2021年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=569809","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec74","stockId":3000000004061,"sao":"2020年上半年，全球经济在疫情冲击下深V运行，货币放松叠加财政刺激计划层出不穷，金融市场大幅波动，大类资产走势轮动较快。具体而言，疫情传播对不同经济体影响先后顺序不同，国内在一季度GDP大幅下行后，货币发力叠加财政托底，社融增速回升，投资链条改善显著，非物理隔离消费需求接近正常水平，出口保持相对韧性，中国经济二季度出现了快速反弹，复工复产进度领先；货币政策及时调整，退出一季度非常态操作。受此影响，上半年国内经济、政策、金融市场走出了一个压缩版本经济周期的走势，债券市场牛熊急速切换，整体赚钱效应偏弱。欧美在疫情冲击后，纷纷推出史无前例的纾困和刺激复兴计划，有效缓解金融市场流动性困境的同时，提振了风险资产情绪和估值，表现为股、债、商同涨格局。下半年表现为基本面驱动弱化，货币政策和流动性驱动大类资产走势的震荡格局。市场参与者对经济上行预期相对充分，对货币政策态度关注成为市场核心博弈点。体现为各类资产对宏观经济数据反应相对钝化，对货币政策官员表态和操作反应较为敏感。但在党中央整体不急转弯的基调下，货币政策整体保持稳定，市场预期的摇摆带来了资产价格的上下波动。债券收益率在11月中之前震荡上行，11月下旬开始随着永煤事件冲击流动性趋于宽松，收益率快速下行。报告期内，本基金跟随国内债券市场的牛熊步伐，一季度适当拉长久期获取收益，4、5月陆续降低久期进入防守姿态。下半年整体维持中性久期，跟随市场预期稍有调整。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.322Z","mo":"展望2021年，全球从疫情后逐步恢复格局确定，货币大放水预期消退，但不急转弯应是各国共识。债券市场波动大概率要低于2020年，收益率水平进入上下有界的区间波动行情，组合整体将保持中性久期，结合市场情绪波动适度做波段交易。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"85华夏鼎隆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=555536","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec73","stockId":3000000004061,"sao":"三季度，海外疫情进一步发酵，美国、欧洲部分国家疫情相继迎来二次上行，印度巴西等新兴经济体疫情恶化，但整体而言对经济影响逐步减弱；全球经济从一季度深度下行中进一步恢复；美元指数先下后上，人民币汇率整体偏强；风险情绪在三季度中后期稍有走弱，大宗商品价格下行，欧美及国内股市震荡偏弱。国内政策面，货币政策延续了稳健中性的基调，超储率保持在相对偏低的水平，银行间市场流动性中性平衡，短端资金利率中枢不变但波动加大，中长期货币市场利率有所上行；国内债券市场在三季度依然维持了偏弱走势，但主要的跌幅集中在7月份，收益率曲线平坦化上行，8月以来市场进入窄幅震荡模式，对基本面和政策面的各类驱动力反应钝化，等待四季度进一步方向明朗。报告期内，本基金维持了中性偏低的久期水平，并保持了一定程度的杠杆水平。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.320Z","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆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=487996","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7a57fea5b3eb046ec72","stockId":3000000004061,"sao":"2020年上半年，全球经济在疫情冲击下深V运行，货币放松叠加财政刺激计划层出不穷，金融市场大幅波动，大类资产走势轮动较快。具体而言，疫情传播对不同经济体影响先后顺序不同，国内在一季度GDP大幅下行后，货币发力叠加财政托底，社融增速回升，投资链条改善显著、非物理隔离消费需求接近正常水平、出口保持相对韧性，中国经济二季度出现了快速反弹，复工复产进度领先；货币政策及时调整，退出一季度非常态操作。受此影响，上半年国内经济、政策、金融市场走出了一个压缩版本经济周期的走势，债券市场牛熊急速切换，整体赚钱效应偏弱。欧美在疫情冲击后，纷纷推出史无前例的纾困和刺激复兴计划，有效缓解金融市场流动性困境同时，提振了风险资产情绪和估值，表现为股、债、商同涨格局。报告期内，本基金跟随国内债券市场的牛熊步伐，一季度适当拉长久期获取收益，4、5月陆续降低久期进入防守姿态。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:14:13.317Z","mo":"展望下半年，经济增长整体增速上行趋势不改，环比改善速率大概率降低，失业率依然维持在不低水平；结构上看，受疫情冲击的物理接触型经济活动改善预计较为缓慢，政策抓手型投资链条较为旺盛，经济结构呈现一定的冷热不均，成为中期增长的隐患。政策层面，更为积极的财政政策预计较为平稳，退出非常规操作的货币政策进一步收紧空间不大，货币市场流动性及资金利率中枢维持当前水平概率较高，债券市场下半年波动预计会显著降低。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000004061,"__csrcFundId":1422,"stockCode":"004061","shortName":"华夏鼎隆债券(004061)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":4061,"masterFundFlag":1,"lastUpdated":"2026-04-30T19:05:18.571Z","status":"normal","inceptionDate":"2017-02-15T16:00:00.000Z","name":"华夏鼎隆债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎隆债券","pinyin":"hxdlzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎隆债券型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=462782","linkType":"PDF","source":"csrc_pdf"}}]}