window.pageData = {"stock":{"_id":3000000008668,"stockCode":"008668","shortName":"西部利得双盈一年定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50620000","tickerId":50620000,"name":"西部利得基金管理有限公司"},"managers":[{"name":"张英","stockType":"fund_manager","stockCode":"db20706534","exchange":"fm","tickerId":2625191100}],"hotMetrics":{"fss":{"stockId":3000000008668,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":1,"f_ins_h_s_r_c_hy":0,"f_ins_h_s_r_c_1y":0,"f_ind_h_s_r":0,"f_ind_h_s_r_c_hy":0,"f_ind_h_s_r_c_1y":0,"f_h_a":220,"f_h_s_a":4182362,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000008668,"type":"fpr","f_p_r_fys_ssc":7447,"f_p_r_fys_ssrp":0.3439430566747247,"f_p_r_m1_ssc":7640,"f_p_r_m1_ssrp":0.4153685037308548,"f_p_r_m3_ssc":7526,"f_p_r_m3_ssrp":0.34564784053156145,"f_p_r_m6_ssc":7383,"f_p_r_m6_ssrp":0.3350040639393118,"f_p_r_y1_ssc":6927,"f_p_r_y1_ssrp":0.3642795264221773,"f_p_r_y2_ssc":6016,"f_p_r_y2_ssrp":0.4462177888611804,"f_p_r_y3_ssc":4962,"f_p_r_y3_ssrp":0.3033662568030639,"f_cagr_p_r_fs_ssc":7335,"f_cagr_p_r_fs_ssrp":0.32069811835287704,"f_p_r_y5_ssc":3396,"f_p_r_y5_ssrp":0.17466863033873342},"fp":{"stockId":3000000008668,"type":"fp","f_p_r_fys":0.015998750501268866,"f_p_r_m1":0.002461538202505942,"f_p_r_m3":0.009405984144105206,"f_p_r_m6":0.01716584281871336,"f_p_r_y1":0.020933099951255807,"f_cagr_p_r_fs":0.03420691557194955,"f_p_r_d1":-0.0006972892878933656,"f_p_r_y2":0.05246736421207454,"f_p_r_y3":0.10360318764886967,"last_data_date":"2026-06-17T16:00:00.000Z","f_p_r_y5":0.21005416728372794,"f_i_d":"2020-03-24T16:00:00.000Z"},"ff":{"stockId":3000000008668,"type":"ff","f_m_f":1043056,"f_m_f_r":0.003,"f_c_f":347685,"f_c_f_r":0.001,"f_m_a_c_f":1390741,"f_m_a_c_f_r":0.004,"f_m_c_f_d":"2024-12-18T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2026-06-17T16:00:00.000Z","f_m_fr":0.003,"f_mac_fr":0.004},"f_nlacan":{"stockId":3000000008668,"type":"f_nlacan","f_nv_d":"2026-06-17T16:00:00.000Z","f_nv":1.1181,"f_nv_cr":0.0002683843263555641},"f_as":{"stockId":3000000008668,"type":"f_as","f_tas":1074728229.102,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[],"bondHoldings":[{"_id":"69e7d73c6201787ae12a4fe4","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000008668,"stockCode":"102581736","stockName":"25徐州经开MTN005","holdings":800000,"marketCap":82074454,"netValueRatio":0.0764,"lastUpdated":"2026-04-21T19:59:56.256Z"},{"_id":"69e7d73c6201787ae12a4fe5","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000008668,"stockCode":"148325","stockName":"23榕金01","holdings":800000,"marketCap":82044133,"netValueRatio":0.0763,"lastUpdated":"2026-04-21T19:59:56.259Z"},{"_id":"69e7d73c6201787ae12a4fe6","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000008668,"stockCode":"524324","stockName":"25世证01","holdings":700000,"marketCap":71120981,"netValueRatio":0.0662,"lastUpdated":"2026-04-21T19:59:56.267Z"},{"_id":"69e7d73c6201787ae12a4fe7","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000008668,"stockCode":"240886","stockName":"24华创02","holdings":500000,"marketCap":52362794,"netValueRatio":0.0487,"lastUpdated":"2026-04-21T19:59:56.270Z"},{"_id":"69e7d73c6201787ae12a4fe8","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000008668,"stockCode":"232580006","stockName":"25民生银行二级资本债01","holdings":500000,"marketCap":51533191,"netValueRatio":0.0479,"lastUpdated":"2026-04-21T19:59:56.279Z"}]},"list":[{"_id":"69e7d5776201787ae129f155","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","stockId":3000000008668,"sao":"2026年一季度，在宏观政策预期、外部地缘冲突、通胀预期等多空因素交织下，债券收益率呈现先上后下再震荡的走势，中短端和信用品种或受配置盘支撑表现较好。1月初权益市场走强，10Y国债收益率上行至1.9%附近，随后央行释放宽松信号，配置盘发力推动收益率下行，中长久期品种表现占优。春节后经济数据表现稳健，两会政策符合预期，外围冲突和油价上行强化通胀预期，市场转为震荡，10Y国债在1.78%-1.83%区间波动。期间流动性宽松，银行负债充裕，叠加同业存款利率调降预期，中短端和信用品种表现相对较好。国债10-1利差和30-10利差走阔，曲线进一步陡峭化。　　在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，增配了部分中高等级债券。采用杠杆策略增厚组合收益。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","lastUpdated":"2026-04-21T19:52:23.156Z","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2026年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1469225","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69ca7b1b7ecbd37c10afbcfa","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-29T16:00:00.000Z","stockId":3000000008668,"sao":"2025年，债市利率低位运行，在央行国债买卖调整、外部关税博弈、权益资产上涨、基金销售新规扰动等影响因素交织下，交投情绪由强走弱，收益率震荡上行，曲线由平走陡。货币政策全年降息降准各一次；年初暂停国债买卖后10月重启，调整买断式回购和MLF招标方式，流动性整体充裕。财政政策靠前发力，政府类债券发行节奏前置。货币市场利率前紧后松，波动收敛。　　尽管经济基本面对债券有支撑，前期过低的利率透支了交易空间，叠加权益市场上涨带动大类资产配置变化，债市年初以来的乐观预期逐步修正。期间中美关税博弈下债券出现了短暂的下行行情，但机构一致预期使得交易节奏转换较快，空间有限。年末基金销售新规和积极财政政策预期引发市场对超长债供需的忧虑，30年国债收益率上行接近2.3%，国债30-10年利差达到近三年高点。信用债市场跟随利率债经历多轮调整，信用利差表现分化，全年涨跌互现，中短端利差收窄，长端利差走阔，中短端信用债表现较好。　　在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，调整组合久期和杠杆水平，增配了部分中高等级债券。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","lastUpdated":"2026-03-30T13:31:07.618Z","mo":"展望2026年，中国经济新动能稳步向上，预计CPI和PPI同比将温和回升，货币政策维持宽松基调或仍有降准降息空间，财政政策延续积极态势，政府类债券供给维持高位，预计流动性保持合理充裕，利率水平大概率维持震荡走势，关注二三季度或有的交易机会。市场心态或从博弈交易转向配置，策略方面注重高胜率交易，在票息配置的基础上，杠杆套息增厚组合收益。","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1449606","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf52","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-26T16:00:00.000Z","stockId":3000000008668,"sao":"2025年三季度，债市在股票市场上涨、反内卷政策推动、外部关税风险缓和等因素下，呈现出股债跷跷板显著、曲线由平走陡、基本面利多弱化的特点。7月在反内卷政策推动下，商品市场上涨，随后权益市场接力，上证指数突破10年新高，股市赚钱效应显著。债市面临低回报的内在压力和增值税新政、赎回费率改革等外部冲击，机构心态谨慎。尽管资金面维持宽松，但债市并未出现明显修复，空头力量或主导交易节奏，长端利率持续上行。10年国债收益率突破1.8%，国债10-1年利差由30BP上行至50BP，曲线走陡。信用债同步调整，信用利差走阔。　　在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，增配了部分中高等级债券，灵活调整组合久期。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","lastUpdated":"2026-03-09T13:32:21.603Z","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1369515","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf51","date":"2025-06-29T16:00:00.000Z","stockId":3000000008668,"sao":"2025年上半年，债券收益率先上后下，收益率曲线呈现平坦化特点。年初经济景气度延续改善，央行暂停国债买卖并提示债券市场风险，市场对降准降息的一致预期被修正，在资金利率中枢上行和权益市场走强的双重影响下，利率由短及长整体大幅上行，中短端信用债票息和资金利率倒挂的情况得到改善。二季度关税事件扰动外需，央行增加流动性投放，降准降息释放长期资金，市场流动性转为宽松。在风险偏好下降和流动性宽松的驱动下，收益率快速下行后转为震荡。机构负债端改善带动配置需求增加，信用利差压缩，中长久期品种表现强势。　　在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，增配了高等级债券，调整了组合久期，保持一定的杠杆水平，保证了在低风险状况下的较好回报。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报","declarationDate":"2025-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.600Z","mo":"展望2025年下半年，经济可能受到关税衍生影响，国内需求提振仍面临挑战，关注经济修复的节奏。反内卷政策影响下价格水平提升预期较强，对需求的影响仍待观察。政策预计短期保持定力，货币政策预计维持适度宽松的基调，总量和结构性工具运用较为充分，流动整体宽松，关注央行买卖国债的进展。债券市场可能在低利率水平下震荡，曲线或维持平坦化状态。","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1338348","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf50","date":"2025-03-30T16:00:00.000Z","stockId":3000000008668,"sao":"2025年一季度，经济景气度延续改善，通胀数据仍偏弱。两会政策整体符合预期，着力于全方位扩大国内需求。央行暂停国债买卖并提示债券市场风险，市场对降准降息的一致预期被修正。年初债券供给放量带动资金利率波动增加，价格中枢上行，短端利率率先大幅调整。伴随权益市场走强叠加经济数据向好提振风险偏好，利率调整由短端传导至长端，10年期和30年期利率债收益率显著上行，收益率曲线走平。信用利差维持高位震荡，中短端信用债收益率上行幅度较大，票息和资金利率倒挂的情况得到改善。　　在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，增配了部分中高等级债券，调整组合久期。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2025-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.598Z","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1267042","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf4f","date":"2024-12-30T16:00:00.000Z","stockId":3000000008668,"sao":"2024年，宏观经济整体企稳，政策发力显效，实现了经济增长目标。货币政策年内两次降准，两次降低政策利率，引导中期借贷便利（MLF）利率、贷款市场报价利率（LPR）等下行；增加了国债二级买卖和买断式逆回购等创新工具。财政政策积极，支持消费品以旧换新，加大补贴力度，制定实施近年来力度最大的一揽子化债方案，支持地方政府缓释偿债压力。　　市场流动性充裕，实体融资需求偏弱，债市收益率下行，信用利差极致压缩。短端利率受资金宽松影响下行明显，长端受经济预期反复震荡，利率中枢整体下行。在低利率环境下，超长期利率债和长久期信用债全年表现突出。信用分化延续，信用利差先下后上，经历四季度赎回反馈后，信用利差保持高位震荡。　　在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，调整了杠杆水平，参与中长久期利率债波段交易增厚组合收益，增加了地方债配置和交易。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.595Z","mo":"展望2025年，经济结构转型和高质量发展将成为主旋律，外围关税风险上升不确定性增加，全方位扩大国内需求成为经济发展的重点。通胀压力可能温和，房地产修复仍待观察。货币政策可能适度宽松，但会根据经济形势灵活调整。财政政策积极有为，通过发行地方政府专项债和国债支持基础设施建设，债券供给增加。债券市场在低利率水平下波动可能增加，配置方向以高等级信用债和有一定利差保护的地方债为主。结合利率变化节奏灵活调整投资策略，关注流动性风险和利率风险。","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1246472","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf4e","date":"2024-09-29T16:00:00.000Z","stockId":3000000008668,"sao":"2024年三季度，地方政府债券发行速度加快；货币政策积极，央行两次降低政策利率，央行国债买卖操作也最终落地；债券市场宽幅震荡，其中10年国债收益率波动幅度超过20bp。7-8月，海外降息和国内政策宽松预期推动收益率下行，但随后央行的国债买卖操作准备和监管政策的变动给市场带来一定扰动；9月，经济基本面略有走弱，市场预期政策将进一步宽松，下旬公布的实际政策力度和节奏超预期，导致风险偏好扭转，债券收益率由低点转向上行。流动性方面，央行在二级市场买入国债落地，丰富了基础货币投放渠道，债券发行放量叠加跨季扰动，流动性整体中性偏紧。信用债市场在赎回隐忧下交投走弱，信用利差整体震荡上升，多数品种达到年内新高，三季度信用债整体收益率显著上升。　　在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，调整了杠杆水平，增配部分高等级金融债。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.593Z","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1175966","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf4d","date":"2024-06-29T16:00:00.000Z","stockId":3000000008668,"sao":"2024年上半年，经济稳步复苏，政策制定的增长目标总体符合市场预期；央行降准，LPR下调，手工补息整改，多因素推动流动性整体宽松；特别国债发行计划落地，地方债供给不及预期，债市资产荒延续。　　各因素综合影响下，债券收益率整体下行。一季度债券30-10年利差不断压缩，曲线走平。随后信贷社融偏弱、特别国债发行计划落地、地产政策放松、央行再提利率风险等多空因素交织，中短端强势，长端低位震荡。季末央行关于利率走廊的表述弱化了MLF的锚定作用，叠加跨半年末流动性宽松，超长债收益率再次下行。信用债收益率整体下行，期限利差和等级利差不断压缩，在资产荒延续的背景下，信用债配置需求强烈。 　　在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，调整了杠杆水平，增配高等级金融债，参与利率债波段交易。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.590Z","mo":"展望下半年，债市可能仍处于震荡偏多的环境中。近期央行降低OMO利率，并调整了相关政策利率，打开了中短端下行空间，预计将带动长端利率进一步下行。高质量发展框架下，经济刺激政策预计较为温和，市场对经济复苏节奏和力度的预期偏谨慎。在基本面无重大变化和债市资产荒明确的背景下，中长久期资产和有利差的信用债资产可能仍是市场交投的主要方向。关注债券供给对流动性的冲击，机构一致预期下市场波动可能增加，关注交易行为的扰动。","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1141883","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf4c","date":"2024-03-30T16:00:00.000Z","stockId":3000000008668,"sao":"2024年一季度，经济开局良好,制造业PMI3月回升至50以上，需求和生产改善明显。政策方面，两会政府工作报告提出今年GDP目标增速为5%左右,目标赤字率3%，总体符合市场预期；财政政策“适度加力、提质增效”，从今年开始拟连续几年发行超长期特别国债，一定程度超出市场预期。货币政策仍然维持“灵活适度、精准有效”，央行下调存款准备金率0.5%，5年期以上LPR调降25bp，均超出市场预期。各因素综合影响下，3月中旬之前债券收益率显著下行，30-10年利差不断压缩，曲线走平；随后长端债券收益率创新低后进入调整期，超长期特别国债的供给影响、低收益下的止盈压力和资金防空转的政策担忧使得市场交投心态更加谨慎，债券窄幅震荡。   在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，保持一定杠杆水平，参与长端利率债交易增厚组合收益。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.587Z","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1067864","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf4b","date":"2023-12-30T16:00:00.000Z","stockId":3000000008668,"sao":"2023年，经济复苏节奏、政策预期和流动性预期是市场交投主线。宏观经济整体企稳，政策发力显效，实现了经济增长目标。货币政策年内两次降准，两次降息，OMO和MLF利率累计分别下降20BP、25BP。财政政策积极，年内发行特殊再融资债，为化解地方政府债务风险起到重要支撑作用。  债券市场在经济修复斜率放缓、流动性整体宽松、票息资产持续缺乏等利好因素推动下震荡下行。1-2月经济修复预期较强，10年国债收益率震荡上行，配置力量带动信用债收益率持续下行。3-8月超预期降准降息，经济修复从“强预期”转向“弱现实”，债券收益率下行。其中，8月央行年内第二次降息，债市下行至年内低点。9月-11月，经济数据筑底，政府增发国债，上调赤字率，财政政策较为积极；供给冲击下资金持续收紧，加剧短端调整，债券收益率震荡上行。在特殊再融资债的利好催化下，城投债配置热情较高，信用利差压缩。12月中央经济工作会议落地，跨年流动性平稳，大行存款利率下调带动降息预期升温，债券收益率再次下行，其中超长债下行幅度较大，期限利差收窄。  在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，调整了杠杆水平，参与中长久期利率债波段交易增厚组合收益。一季度组合杠杆略有下降，二季度提升组合杠杆，增配了部分中高等级信用债，三季度降低了杠杆水平，四季度增配部分高等级金融债。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.585Z","mo":"展望后市，2024年宏观经济继续平稳，在结构持续调整的背景下，预计债市可能震荡偏强。经济动能方面，基建投资在财政支出的支撑下预计保持一定增速，保障房、城中村、平急两用基础设施三大工程可能带来一定的增量需求，债务约束下财政支出对经济的拉动作用仍需观察。货币政策方面，伴随海外降息，外部制约降低，政策空间相对充分，流动性可能整体宽松。资本管理办法落地，流动性分层可能加剧资金市场波动。债券供需来看，防风化债背景下票息资产缺乏，波动性更强的中长和超长久期品种预计可能是市场交投的重点。","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1049946","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf4a","date":"2023-09-29T16:00:00.000Z","stockId":3000000008668,"sao":"2023年三季度，稳增长政策积极，8月以来经济指标低位回升，债券收益率先下后上，收益率曲线走平。从经济动能看制造业小幅上行，消费逐步企稳，出口边际改善，带动需求端修复，制造业PMI重回荣枯线上方，经济有低位回升迹象。政策方面，7月政治局会议后房地产、地方政府债务风险化解、活跃资本市场等方面积极政策脉冲增加，带动市场信心改善。货币政策方面，央行非对称调降OMO和MLF利率，并于9月降准0.25个百分点，政策利率下行。债券收益率先下后上，在基本面偏弱和政策利率下调等利好因素推动下收益率7-8月下行，长债利率触及年内低位；8月降息后资金面持续收敛，市场利率持续运行在政策利率上方，经济数据改善市场预期修复，机构止盈诉求增加，债券收益率反弹向上，回吐降息以来的涨幅。信用债市场分化，特殊再融资债的利好下市场对部分区域配置热情较高，信用利差压缩；中高等级信用债期限利差压缩后走阔，配置力量对信用债仍有支撑。  在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，降低了杠杆水平，增配部分中高等级信用债和存单，降低了利率债持仓。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.582Z","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=985897","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf49","date":"2023-06-29T16:00:00.000Z","stockId":3000000008668,"sao":"2023年上半年，经济复苏节奏、稳增长政策预期和流动性预期是市场交投主线。一季度人员流动全面恢复，主要经济指标改善；信贷总量连续增长，企业中长期贷款延续增长趋势，经济内生动能持续修复，复苏预期初步验证。二季度生产和需求放缓，通胀水平较低，PMI进入收缩区间，社融和信贷投放趋缓，经济复苏斜率下降，市场对稳增长政策更加关注。4月政治局会议认为经济运行好转主要是恢复性的，内生动力还不强，需求仍然不足，会议提出恢复和扩大需求的相关政策未超出市场预期。3月央行降准25基点，6月降低OMO和MLF等货币市场工具利率10基点，并在跨季和跨半年时点增加公开市场投放呵护市场流动性，货币市场利率整体下行。流动性预期方面，年初信贷持续投放、地方债靠前发行的背景下，货币市场波动放大，回购利率中枢上行，1年期同业存单利率上行至MLF利率上方，市场预期资金利率中枢抬升。伴随央行降准降息、银行存款利率下调、信贷资金回流，货币市场利率中枢逐步下行，流动性重回宽松。  债券市场在经济修复动能转弱、流动性逐渐宽松、票息资产持续缺乏等利好因素推动下震荡走牛。1-2月10年国债收益率震荡上行，配置力量带动信用债收益率持续下行，信用债表现好于利率债；3月央行降准超预期，避险情绪和相对宽松的资金面带动收益率下行行情开启；6月降息后长端利率水平触及半年内低点，随后回调进入震荡区间。信用债收益率整体下行，中高等级信用债期限利差压缩，低等级期限利差走阔。。  在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，调整了杠杆水平，一季度组合杠杆略有下降，二季度提升组合杠杆，增配了部分中高等级信用债。参与中长久期利率债波段交易增厚组合收益。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.579Z","mo":"展望下半年，经济内生动能仍待修复，海外需求走弱，稳增长政策发力对债券市场形成一定扰动。但在地产供需关系发生深刻变化的背景下，地产短期内修复空间受限，居民收入和就业情况也对消费的大幅扩张形成制约，债市面临的基本面风险可控。另一方面货币政策维持宽松助力经济修复，预计流动性整体宽松，下半年仍有降准降息空间。债市震荡偏强格局或将延续。考虑到当下机构预期较为一致和机构行为的趋同，预计长端利率继续下行的空间也较为有限。“资产荒”背景下，中高等级信用债仍是主要的配置方向，关注中高等级信用债调整后的配置机会。","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=958870","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf48","date":"2023-03-30T16:00:00.000Z","stockId":3000000008668,"sao":"2023年一季度，经济复苏和流动性预期是债市交投主线。人员流动全面恢复，主要经济指标改善，经济复苏预期初步验证。1-2月经济数据显示服务和消费修复较快，房地产指标降幅明显收窄，基建投资增速保持在较高水平，出口降幅延续收缩，整体看经济呈现出需求修复好于供给，内需好于外需的结构特征。与此同时信贷总量连续增长，企业中长期贷款延续增长趋势，居民信贷开始修复，金融数据总量和结构向好，显示经济内生动能持续修复。政策方面，两会定调全年经济增长目标5%左右，新增专项债3.8万亿元，货币政策精准有力，经济增长目标未超市场预期。在信贷持续投放、地方债靠前发行的背景下，货币市场波动放大，回购利率中枢上行，同业存单利率回到MLF上方，隔夜回购两度触及15%。尽管央行连续两个月增量续作MLF，市场仍有流动性收紧的担忧，伴随3月央行降准25基点并大量投放OMO平抑跨季资金波动，流动性收紧预期得到缓解。在经济基本面改善和流动性收敛的背景下，债券类资产表现分化，利率债窄幅震荡，信用债收益率整体下行，中高评级和短期限债券信用利差分位数均处于较低水平。经济修复持续性的疑虑和债市供需结构的不平衡，叠加去年四季度债市大幅调整后机构负债端已修复，支撑了一季度债券类资产的分化走势。  在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，调整了杠杆水平，增配了部分中高等级信用债。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.576Z","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=883075","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf47","date":"2022-12-30T16:00:00.000Z","stockId":3000000008668,"sao":"2022年，地缘政治冲突、美元加息、疫情等因素超预期，国内宏观经济面临较大增长压力，国内出台多项稳定宏观经济大盘的政策，基建和出口是经济增长的主要支撑。由于国内外经济周期错位，国内货币政策以我为主，注重总量和结构双重功能，年内两次降准，使用政策性开发性金融工具支持重大项目建设，维持了较为宽松的货币环境。债券市场围绕流动性、疫情进展以及稳增长进行定价，前三季度以震荡下行为主，10年国债收益率由2.85%下行至2.58%；信用利差压缩，结构性资产荒推动信用债收益率整体下行。四季度防疫政策优化和房地产企业再融资的三支箭陆续出台，经济复苏预期强烈，债券收益率快速上行；净值化背景下理财赎回潮加剧市场波动，10年国债收益率大幅上行至2.9%以上，回吐全年涨幅。利率债10-1年期限利差大幅收窄，曲线走平，信用利差走阔，信用债收益率水平快速上行。  在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，调整组合杠杆水平，配置方向以流动性较好的城投和金融债券为主，采用积极的久期策略参与利率债波段交易增厚收益，在四季度市场调整阶段增加了债券配置。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2023-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.573Z","mo":"展望后市，伴随人员流动恢复正常和稳增长政策推进，消费和投资改善，内需修复；海外经济体增长回落，出口承压，预期国内经济呈现弱复苏局面。货币政策注重精准有力，预期在经济修复阶段维持偏松基调，流动性整体合理充裕，资金中枢可能有所上行。财政政策继续积极，政府债供给压力预计在上半年有所显现。从节奏上看，上半年低基数推升二季度经济指标同比读数，叠加经济复苏，长端利率可能面临一定的上行压力。下半年需要关注通胀水平以及经济增长内生动能的持续性，利率债可能存在有一定的交易机会，而中高等级信用债配置价值也可能会有所提升。在策略上，控制组合久期,适度运用杠杆策略增厚收益，根据曲线形态变化，寻找波段收益机会。","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=866647","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf46","date":"2022-09-29T16:00:00.000Z","stockId":3000000008668,"sao":"2022年三季度，稳增长政策持续落地，尽管有疫情和高温天气扰动，国内经济整体呈现弱复苏态势。工业生产整体回暖，随着政策性开发性金融工具发力和投资实物工作量加快形成，基建投资维持强劲增长，保交楼政策陆续出台，地产竣工增速回升，销售有所回暖。疫情对消费的扰动仍在，由于基数效应影响，消费数据同比回升。受通胀和连续加息的影响，海外需求出现走弱迹象，出口回落。整体看经济弱复苏，稳增效果显现，生产端修复相对快于需求端，结构分化延续。货币市场流动性维持充裕，央行调降逆回购和MLF利率，政策利率向市场利率收敛，带动债券收益率进一步下行。9月资金面收紧、金融数据向好、人民币贬值压力上升等因素带动债券收益率回调，10年国债收益率回到降息前水平。信用债收益率先下后上，各等级信用利差、等级利差位于历史较低水平，期限利差仍保持较高历史分位数。  在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，参与利率债波段交易增厚收益，调整了久期和杠杆水平。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.571Z","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=801550","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf45","date":"2022-06-29T16:00:00.000Z","stockId":3000000008668,"sao":"2022年上半年，地缘政治冲突推动大宗商品价格上涨，海外经济体普遍加息，世界经济增长放缓。国内政策提前发力定调稳增长，一季度出口、消费以及制造业投资表现较好。疫情冲击下，4月主要经济指标下跌。随着疫情防控效果显现，经济活动逐步恢复，政府采取一系列措施稳定宏观经济大盘，推动复工复产。5月起工业增加值同比增速由负转正，生产数据止跌回升，消费降幅收窄，出口回升， 6月主要经济指标回升趋势延续，二季度经济实现了正增长。  在海外经济体普遍加息应对通胀的背景下，由于国内外经济周期错位，国内货币政策以我为主，注重总量和结构双重功能，降低存款准备金率0.25%，金融市场流动性较充裕。疫情防控进展和稳增长预期主导债券收益率波动，利率债收益率窄幅波动，10年国开债收益率在20bp之间震荡，短端收益率大幅下行带动期限利差走阔，曲线较为陡峭。信用债收益率普遍下行，信用利差压缩，等级利差收窄，期限利差走阔。  在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，调整了久期和杠杆水平，配置方向以流动性较好的城投和金融债券为主，参与中长久期利率债波段交易增厚收益。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.567Z","mo":"展望下半年，伴随扩大需求政策持续推进，宏观经济有望维持弱复苏态势。在居民收入预期下降和就业压力增加的背景下，国内消费和房地产市场复苏幅度仍待观察。货币政策注重信贷平稳适度增长，伴随实体经济需求恢复，专项债项目落地，预计资金利率可能较上半年收敛但整体宽松。债券收益率可能维持震荡，在绝对收益率水平处于低位的当下，密切关注经济复苏进展。","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=780142","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf44","date":"2022-03-30T16:00:00.000Z","stockId":3000000008668,"sao":"2022年一季度，国内经济数据向好，美联储加息落地，地缘政治冲突推动大宗商品价格上涨，通胀预期上行。政策提前发力定调稳增长，出口、消费以及制造业投资表现较好，房地产领域政策边际改善，投资增速转正但销售仍不容乐观。整体看供给继续改善，需求仍需观察。稳增长和宽信用预期主导债市走向，利率债先扬后抑，以春节为节点，降息落地带动曲线下行，10年国债收益率向下突破2.7%，曲线牛陡；2月社融和信贷数据超预期，稳增长和宽信用信心增强，债市转而向上，期限利差收窄；3月PMI和经济数据向好，叠加美元加息压制风险偏好，地缘政治冲突加剧通胀预期，债市整体震荡。整体看长端收益率曲线与年初持平。信用债收益率曲线走陡，短端略有下行，中长端上行15-20BP,利差曲线走陡。  在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况，降低了久期和杠杆水平，配置方向以流动性较好的城投和金融债，参与利率债波段交易增厚收益。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.564Z","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=722092","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf43","date":"2021-12-30T16:00:00.000Z","stockId":3000000008668,"sao":"2021年，疫情反复和经济结构调整是宏观经济的主线。国内经济增长前高后低，基建投资处于低位，地产拖累加深，制造业投资保持高速增长;出口持续强劲，贸易顺差规模再创历史新高；消费恢复缓慢，剔除基数影响的近两年消费平均增速还未恢复到疫情前水平。碳减排要求叠加海外需求增长，上游原材料价格上涨，PPI大幅上行；下游投资和消费疲弱，PMI连续两个季度走低，潜在需求恢复滞后。2021年GDP按不变价格计算同比增长8.1%，两年平均增速为5.1%，在全球主要经济体中依旧领先，显示中国经济具有强大韧性。货币政策稳健，年内央行两次降准，市场流动性宽松。财政政策推动减税降费，也注重防范债务风险。受益于流动性充裕和资管新规带来的债市微观结构变化，债券收益率整体下行，曲线由陡走平，房地产企业违约风险爆发引发信用风险偏好进一步下降，优质发行人和弱资质主体利差走阔。  在运作策略上，本基金在严控信用风险的前提下，主要配置城经济发达地区或发行人债务负担可控的城投债，保持较高杠杆水平，获取票息和套息收益。同时根据对利率趋势的判断参与长端利率债的波段交易，增强组合收益。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.562Z","mo":"展望2022年，宏观经济增长压力较大，经济结构中的中长期问题显现，政策以稳为主，但政策路径不确定性增加。疫情对全球经济扰动边际减弱，随着经济活动继续向常态回归，供应链再平衡对全球实体经济的影响和主要经济体货币政策的调整是主线。国内经济面临需求收缩、供给冲击、预期转弱三重压力，伴随出口动能回落和房地产监管政策，基建投资和消费预计成为提振需求的重点方面。政策基调以稳为主，预计偏积极的财政政策成为支撑经济的主要措施，货币政策中性偏宽松。预计货币市场利率中枢稳定，注重结构性货币政策促进宽信用落地。当前债市绝对收益率水平处于低位，曲线整体平坦，在策略上关注票息资产机会，在合理利差区间内积极配置。","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=708609","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf42","date":"2021-09-29T16:00:00.000Z","stockId":3000000008668,"sao":"2021年三季度，国内经济整体下行，受大宗商品涨价和能耗双控影响，上游生产受限，疫情扰动和房地产政策收紧的背景下，下游需求趋弱。8月，工业增加值当月同比5.3%，自6月以来连续下行；制造业投资单月同比增长15.7%，累计复合增速改善；社零消费总额当月同比增长2.5%，也是连续两月下行，疫情扰动需求趋弱；出口仍保持高位。能耗约束下上游价格上行带动PPI同比上涨9.5%，疫情和洪水扰动，CPI同比放缓至0.8%。货币政策维持稳健基调，央行加大对小微企业支持力度，7月15日全面降准0.5%，引导银行对中小企业加大信贷支持力度，同时对冲MLF到期和债券发行带来的流动性压力。债券市场在降准利好推动下收益率整体下行，长端利率最大下行约30bp，10年国债收益率由3.08%下探至2.79%，随后在2.8%-2.9%一线震荡，10年国开债收益率由3.48%最低下行至3.16%。利率曲线由陡走平，国债10-1利差从80BP收敛至50BP。信用债收益率整体上行，信用利差回升。  在运作策略上，本基金在严控信用风险的前提下，采用以城投债为主的信用债配置，积极参与长端利率波段交易，期间杠杆水平有所提高。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.559Z","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=650965","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf41","date":"2021-06-29T16:00:00.000Z","stockId":3000000008668,"sao":"2021年上半年，国内经济保持持续恢复，出口和制造业投资韧性较强。随着疫苗接种率提高疫情对经济活动的影响减弱，海外需求复苏带动大宗商品价格上涨，通胀预期上行，货币政策对暂时性通胀未做出收紧回应。国内一季度GDP同比增长18.3%，二季度同比增长7.9%，上半年同比增长12.7%，经济总量向好。通胀水平温和上涨，CPI受猪肉价格下滑影响保持低位，PPI受大宗商品价格上行和供需格局影响升幅较大。政策层面强调不急转弯，货币政策稳健，市场流动性宽松，地方债发行不及预期。在流动性充裕的影响下债券收益率整体下行，10年国债活跃券收益率自年初下行20bp。信用市场违约事件和区域风险释放，风险偏好进一步下降，信用利差压缩明显。  在运作策略上，在严控信用风险的前提下本基金以金融债和城投债为主，保持适中的杠杆水平，把握利率波动带来的交易机会，适度参与利率债交易增厚组合收益。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.556Z","mo":"展望下半年，经济复苏与政策调整仍是核心，关注通胀预期的变化对政策的边际影响。伴随海外供需恢复，出口对经济的贡献边际下降，消费受居民部门收入修复缓慢且分化的影响，修复进程或仍缓慢。政策重心仍在调结构和防风险，货币政策整体稳健中性，资金利率水平较上半年收敛但整体宽松。防范地方债务风险可能使下半年政府债券发行的节奏不及预期。在货币环境宽松和信用环境震荡的背景下，债券市场预计维持震荡，继续下行空间受限。","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=628776","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf40","stockId":3000000008668,"sao":"2021年一季度，国内经济持续复苏，进出口、工业增加值以及PMI表现较好；海外疫苗接种超预期，美国刺激政策出台，通胀预期上行。在此背景下，长端利率上行，10年美债收益率冲高至1.75%，为2020年1月以来新高。中国10年国债活跃券收益率先上后下，在3.29%-3.09%区间宽幅震荡。货币政策不急转弯的预期和春节原地过节因素的扰动下，1月末过于宽松的流动性预期被纠偏，此后市场流动性充裕，货币市场利率总体处于较低水平。信用市场加剧分化，集中到期压力和信用收缩预期下，高负债主体和行业各券抛售压力增加，市场风险偏好下降，一致预期下高等级债券和城投债利差进一步压缩。  在运作策略上，本基金在严控信用风险的前提下，根据市场利率波动情况和产品开放期的流动性需求，降低了久期和杠杆水平，配置方向以流动性较好的城投和国企债券为主。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.553Z","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=567647","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf3f","stockId":3000000008668,"sao":"2020年突发的疫情使经济运行节奏发生了重大改变，抗疫和回归是市场波动的两大主线。围绕疫情变化，宏观经济因经济活动骤减先暂停后修复，GDP增速由一季度的-6.8%回归到4季度的6.5%，全年增长2.3%。货币政策也由大幅宽松走向回归稳健，由宽货币宽信用转向稳货币，1-4月M2同比增速由8.4%上行至11.1%，5月后逐步回落降至12月的10.1%。社融增速前高后低，全年同比增速由2019年的10.7%上升至13.3%。同时海外因疫情停工停产，全球经济陷入衰退。产业链再平衡过程中，我国因疫情防控最先取得成效，承接全球需求，生产端修复较快，替代效应下出口持续保持增长，人民币对美元一路升值，由年初的6.96升至6.53。  在流动性松紧切换和基本面供需错位的影响下，市场波动显著增加。10年国债收益率由年初的3.15%快速下行至2.51%，随后一路上行至3.35%，债券收益率曲线由陡走平，伴随流动性逐步收敛，短端利率快速抬升，货币市场R007利率由最低1.26%上行至3.36%，1年期国债收益率由1.13上行至2.97%，国债10-1利差变动较大。与此同时，受违约事件冲击，信用债分化与愈演愈烈，信用利差由国企和民企之间的分化蔓延至区域和国企产业之间，信用定价的重塑使得债市风险偏好进一部被遏制，高等级信用债表现好于低等级  根据市场变化，本基金在上半年保持了较低的久期和杠杆，下半年增配了区域经济向好，主营业务明确的高等级短久期城投债，择机参与利率债交易，并根据收益率曲线短端波动增配部分1年内短债，提升杠杆套息收益。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.541Z","mo":"展望2021年，疫情得到有效控制，复苏是市场的主线。国内经济增长动能切换，关注消费和服务业增长。由于供给和需求错位造成的工业品价格上涨能否持续仍需观察，CPI预计处于低位。政策基调以稳为主，防风险和稳杠杆同等重要，虽然对实体经济恢复仍有必要的货币政策和财政政策支持，但在稳定宏观杠杆率的框架下会相机抉择，货币政策调控的更加精准有效，不宜对政策宽松有过度预期。在经济和社融增速到高点之前，债市预计维持震荡。如果伴随疫苗大规模接种，海外生产恢复，出口替代效应减弱，经济增速回落，债券市场将有趋势性机会。考虑到整体再融资环境的变化，信用债重定价过程仍在经行，事件冲击可能使信用分化加剧，信用债既要防范违约风险也要充分考虑流动性抛售的压力。  本基金将继续保持适度的久期和杠杆，严控信用风险，优化配置结构，在控制风险的前提下提高投资收益，努力为基金持有人取得稳健的投资回报。","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=553502","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf3e","stockId":3000000008668,"sao":"2020年三季度，经济修复节奏加快，消费年内首次转正，生产继续恢复。8月规模以上工业增加值同比增5.6%，较7月的4.8%增速进一步扩大，1-8月固定资产投资同比下降0.3%，降幅比1-7月收窄1.3个百分点，其中制造业增速显著，地产保持较强韧性；8月社会消费品零售总额同比上升0.5%，年内首次转正。伴随货币政策回归正常化和银行结构性存款压降，银行超储率下降，整个金融市场流动性处于紧平衡状态。货币市场利率大幅走高，R007均值2.33%，较上季度上57bp,DR007均值2.13%，较上季度上行46bp。存单利率节节攀升，从长端向短端连续提价，3M存单收益率均值2.53%，较上季度上行90bp,1年期存单利率超过MLF 利率。市场利率回到政策利率上方，央行通过公开市场回购和MLF增量续作，保持流动性合理充裕。在基本面和流动性的双重压力下，债券收益率曲线整体上行，10年国开活跃券收益率由7月初的3.34%一路上行突破3.7%，10年国债收益自2.85%上行突破3.1%。   在运作策略上，本基金在报告期内主要配置了短期高评级信用品种，并适度使用杠杆套息增加收益，在收益大幅波动的行情下降低组合久期。感谢持有人的支持，我们将继续以诚实信用、勤勉尽责的原则管理基金，努力为持有人带来优异回报。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.538Z","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=489371","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbe57fea5b3eb04bdf3d","stockId":3000000008668,"sao":"2020年上半年，受新冠疫情影响全球经济活动经历了从停滞到重启的过程，全球宽松货币政策重启以对冲经济活动停滞和人员隔离的影响，各类资产价格经历了大幅波动。国内来看，一季度GDP同比增长-6.8%，与此同时央行通过降准、下调OMO和MLF利率、增加再贷款和再贴现额度定向支持企业融资，期间10年期国债活跃券收益率创2002年以来的新低至2.52%。二季度，国内疫情防控取得重大进展，重点城市疫情防控等级下降，两会召开明确今年经济社会发展目标和措施，社会正常经济活动逐步进入恢复阶段。二季度GDP由负转正同比增长3.2%，货币政策伴随疫情进展逐渐由总量宽松转向支持实体经济恢复与可持续发展，边际变化使货币利率和债券收益率由底部反弹，收益率曲线由陡走平，债券资产价格大幅调整，10年期国债活跃券收益率由2.46%的低点最高上行至2.93%，回到年初疫情爆发前水平。   本基金在报告期内主要配置了短期高评级信用品种，并适度使用杠杆套息增加收益，在收益大幅波动的行情下严格控制杠杆比例。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:21.536Z","mo":"展望下半年，伴随经济基本面复苏和货币政策回归正常化，债券市场预计维持震荡。首先，宏观经济经历供给快速回补后需求也在逐步复苏中，基建投资增长将成为下半年经济主要的增长点。虽然从产业和就业等微观层面上经济难以回到疫情前水平，但总量改善向上趋势不变。其次，债市经历一季度的大幅下行和二季度的反转后，超调幅度虽然在修复，但支撑前期快速下行的流动性宽松环境已结束。随着货币政策回归正常化，基础货币减少和货币乘数持续上行的组合下无风险利率不具备大幅下行的基础。货币市场利率向政策利率靠拢，实体经济流动性需求增加，货币市场预计维持紧平衡格局。第三，伴随经济恢复商品和权益市场的上涨提升市场风险偏好，对债券资产形成压制。   虽然债券资产获得资本利得的难度在增加，但从绝对收益上看债券的配置价值在逐步体现。无风险利率基本回到疫情前水平，与政策利率的利差回归正常水平。从信用债收益率的历史分位数来看，有市场交投的部分债券已由1季度25%以下分位回到25%分位以上，基本回到2019年3季度水平。同时整体经济增速仍在下行阶段，在目前的经济与政策组合下无风险利率继续上行的幅度有限，伴随美国大选推进，国际政治仍有一定的不确定性，超预期事件会带动市场避险情绪升温，下半年利率债预计仍有短期交易机会。   本基金将继续加强对信用风险的管理，根据利率波动选择适当的组合久期，同时把握资产配置的关键时点增加组合杠杆水平，在控制风险的前提下提高投资收益，努力为基金持有人取得稳健的投资回报。","fund":{"_id":3000000008668,"__csrcFundId":7012,"stockCode":"008668","shortName":"西部利得双盈一年定开债券 (008668)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8668,"masterFundFlag":1,"lastUpdated":"2026-04-30T21:23:15.789Z","status":"normal","inceptionDate":"2020-03-24T16:00:00.000Z","name":"西部利得双盈一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得双盈一年定开债券 ","setUpDate":"2020-03-24T16:00:00.000Z","setUpAssetScale":210000350.13,"setUpShares":210000350.13,"pinyin":"xbldsyyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20706534","stockType":"fund_manager","exchange":"fm","tickerId":2625191100,"name":"张英"}]},"announcement":{"linkText":"西部利得双盈一年定期开放债券型发起式证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=460358","linkType":"PDF","source":"csrc_pdf"}}]}