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额续作形成叠加效应，短端暖意延续，但长端收益率受权益市场阶段性反弹扰动，出现回调，当月收益率呈先下后上的震荡格局。3月上旬随着两会召开确认财政政策温和发力、货币政策精准有效，市场对基本面的担忧边际缓解，长端收益率在震荡中寻求新的均衡；3月起中东地缘战争持续升温，国际油价飙升引发通胀担忧，叠加国内权益市场回暖，长端收益率回调上行，而短端在充裕的流动性支撑下延续下行态势，长短端走势分化。全季度来看，资金面宽松与票息的确定性主导了短端利率的下行与信用债的走强，信用利差压缩显著；而长端则在权益扰动与地缘战争等多重因素交织下，演绎了收益率先下后上的震荡格局。　　报告期内，产品维持适当的久期与杠杆。","lastUpdated":"2026-04-22T15:39:04.153Z","fund":{"_id":3000000013378,"__csrcFundId":10035,"stockCode":"013378","shortName":"方正富邦稳裕纯债(013378)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13378,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:45:10.957Z","status":"normal","exchange":"jj","name":"方正富邦稳裕纯债债券型证券投资基金","inceptionDate":"2021-09-28T16:00:00.000Z","fundCollectionId":4000050670000,"followedNum":0,"masterFundShortName":"方正富邦稳裕纯债","setUpDate":"2021-09-28T16:00:00.000Z","setUpAssetScale":420036013.26,"setUpShares":420036013.26,"pinyin":"fzfbwyczzqxzqtzjj","managers":[{"stockCode":"j101019801","stockType":"fund_manager","exchange":"fm","tickerId":231619243940,"name":"吴佩珊"}]},"announcement":{"linkText":"方正富邦稳裕纯债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=1476186","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69cd14705c96f51c69ab89f8","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-30T16:00:00.000Z","stockId":3000000013378,"sao":"2025年，债券市场步入高波动、宽幅震荡阶段，债券收益率整体呈现震荡上行走势。一季度，央行流动性投放相对谨慎、资金面偏紧，叠加风险偏好回升压制债市，债券收益率整体上行；二季度，中美开启关税拉锯战，经济高频数据偏弱，央行宣布降准、降息等一系列货币政策，资金面均衡偏松，债券收益率震荡下行；三季度基本面和资金面对债券市场形成一定支撑，但风险偏好抬升，供给压力集中释放两个结构性利空形成市场交易的主线，债券收益率震荡向上；四季度债市经历了宽松预期与供给冲击担忧的拉锯，收益率先下后上，在资金面整体宽松的背景下，债券收益率曲线走陡。全年来看，信用债表现好于利率债，信用利差全年低位运行。　　　　报告期内，产品维持适当的久期与杠杆。","lastUpdated":"2026-04-01T12:49:52.776Z","mo":"展望2026年，债券市场预计维持宽幅震荡，货币政策取向、经济基本面的变化、财政政策的力度、地缘政治等因素均会对债券市场收益率形成扰动。国内经济温和复苏的趋势未变，上半年市场交易的重点将围绕两会定调、年度赤字率、地方债供给等因素展开；进入下半年通胀的变化有望成为市场关注的重点。低利率环境下，市场的波动性将进一步加大，2026年组合将更加注重票息收益的获取，提高交易胜率，注重回撤的控制。","fund":{"_id":3000000013378,"__csrcFundId":10035,"stockCode":"013378","shortName":"方正富邦稳裕纯债(013378)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13378,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:45:10.957Z","status":"normal","exchange":"jj","name":"方正富邦稳裕纯债债券型证券投资基金","inceptionDate":"2021-09-28T16:00:00.000Z","fundCollectionId":4000050670000,"followedNum":0,"masterFundShortName":"方正富邦稳裕纯债","setUpDate":"2021-09-28T16:00:00.000Z","setUpAssetScale":420036013.26,"setUpShares":420036013.26,"pinyin":"fzfbwyczzqxzqtzjj","managers":[{"stockCode":"j101019801","stockType":"fund_manager","exchange":"fm","tickerId":231619243940,"name":"吴佩珊"}]},"announcement":{"linkText":"方正富邦稳裕纯债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=1456828","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0057fea5b3eb05064c9","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000013378,"sao":"三季度中国经济延续温和复苏，PMI持续在荣枯线以下，工业生产保持了增长但增速有所回落。1-8月固定资产投资累计同比增长1.6%，其中房地产投资的拖累依然较大，制造业投资结构分化，汽车制造、通用设备制造投资保持高增长。消费延续扩张，但是增速放缓，8月社零增速同比降至3.4%。出口韧性较强，虽然对美出口下降，但是对东盟和欧盟出口增速强劲。物价方面，CPI和PPI低位运行，反内卷的政策效果仍需观察。货币政策方面，央行通过买断式回购、公开市场操作和MLF续作的方式向市场投放了中短期流动性，银行间资金利率稳中有降。三季度基本面和资金面对债券市场形成一定支撑，但风险偏好抬升，供给压力集中释放两个结构性利空形成市场交易的主线，收益率震荡向上，中短端受益于资金面的支撑，表现好于长端和超长端。具体来看，1年国债上行3bp至1.37%，3年国债上行12bp至1.52%，5年国债上行9bp至1.60%，10年国债上行22bp至1.86%，30年国债上行40bp至2.25%。信用债的票息优势得以显现，以中短期票据为例，1年AAA信用债上行7bp至1.77%，3年AAA信用债上行20bp至2.01%，5年AAA信用债上行29bp至2.20%。　　报告期内，产品继续平稳运作。","lastUpdated":"2026-03-09T13:49:57.471Z","fund":{"_id":3000000013378,"__csrcFundId":10035,"stockCode":"013378","shortName":"方正富邦稳裕纯债(013378)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13378,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:45:10.957Z","status":"normal","exchange":"jj","name":"方正富邦稳裕纯债债券型证券投资基金","inceptionDate":"2021-09-28T16:00:00.000Z","fundCollectionId":4000050670000,"followedNum":0,"masterFundShortName":"方正富邦稳裕纯债","setUpDate":"2021-09-28T16:00:00.000Z","setUpAssetScale":420036013.26,"setUpShares":420036013.26,"pinyin":"fzfbwyczzqxzqtzjj","managers":[{"stockCode":"j101019801","stockType":"fund_manager","exchange":"fm","tickerId":231619243940,"name":"吴佩珊"}]},"announcement":{"linkText":"方正富邦稳裕纯债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=1376360","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0057fea5b3eb05064c8","date":"2025-06-29T16:00:00.000Z","stockId":3000000013378,"sao":"上半年，债券市场整体呈现波动较大，收益率曲线平坦化的特征，债券收益率呈现先上后下的走势。1月-3月上旬，央行流动性投放相对谨慎、资金面偏紧，叠加风险偏好回升压制债市，债券收益率整体上行，3月中旬，10年期国债收益率一度冲击1.9%，央行加大流动性投放力度，资金面边际好转，叠加权益市场调整，债市逐步企稳修复，4月-6月，中美开启关税拉锯战，经济高频数据偏弱，央行宣布降准、降息等一系列货币政策，资金面均衡偏松，债券收益震荡下行。整体来看，上半年，利率债方面，1-5年国开上行 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左右。　　报告期内，产品根据市场变化不断动态优化组合结构，注重品种轮动，获取了较好的收益。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:57.469Z","mo":"展望后市，我们依旧比较看好债券资产的长期配置价值。上半年在财政政策的提前发力以及贸易形势变化的推动下，经济基本面数据有所改善，但是我国经济供需结构不匹配的特征依旧较为明显，由于流动性带来的风险偏好持续改善也需要时间去验证。从中长期视角观察，广谱利率仍处于下行通道，我国当前实际利率偏高，需要进一步降低广谱利率和政策利率，以支持经济增长，具体的货币政策宽松的节奏则取决于外部环境和内部经济修复的进度，因此，我们认为经济基本面和货币政策依旧对债市具有支撑。组合上，我们将继续以票息策略为主，注重不同资产品种之间的轮动，同时积极进行波段操作增厚组合收益。","fund":{"_id":3000000013378,"__csrcFundId":10035,"stockCode":"013378","shortName":"方正富邦稳裕纯债(013378)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13378,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:45:10.957Z","status":"normal","exchange":"jj","name":"方正富邦稳裕纯债债券型证券投资基金","inceptionDate":"2021-09-28T16:00:00.000Z","fundCollectionId":4000050670000,"followedNum":0,"masterFundShortName":"方正富邦稳裕纯债","setUpDate":"2021-09-28T16:00:00.000Z","setUpAssetScale":420036013.26,"setUpShares":420036013.26,"pinyin":"fzfbwyczzqxzqtzjj","managers":[{"stockCode":"j101019801","stockType":"fund_manager","exchange":"fm","tickerId":231619243940,"name":"吴佩珊"}]},"announcement":{"linkText":"方正富邦稳裕纯债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=1348594","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0057fea5b3eb05064c7","date":"2025-03-30T16:00:00.000Z","stockId":3000000013378,"sao":"一季度影响债市的核心因素是资金面和风险偏好，债券收益率呈现震荡上行走势。1-2月，央行流动性投放相对谨慎、资金价格较高，叠加权益市场回暖，债券收益率整体上行，且波动加大，3月中上旬，存单价格维持高位，政府工作报告公布，经济增长目标和财政发力基本符合预期，叠加两会对消费、科技的有关提法，使得风险偏好回升压制债市，债券收益率向上调整，10年国债活跃券收益率一度触及1.90%。3月下旬，央行加大流动性投放力度，资金面边际好转，叠加权益市场调整，债市呈现企稳修复态势，10年国债活跃券收益率震荡下行至1.8%附近。整体来看，季度内，收益率曲线平坦化上移，利率债方面，1年国开上行44BP，3-5年国开上行29BP左右，10年国开上行11BP；信用债方面，以短融中票为例，AAA品种1-5年期上行26BP左右，AAA和AA+品种1年期上行20BP左右，3-5年期上行17BP左右。　　季度内，产品以票息策略为主，持续优化组合结构，获取了较好的收益。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:57.466Z","fund":{"_id":3000000013378,"__csrcFundId":10035,"stockCode":"013378","shortName":"方正富邦稳裕纯债(013378)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13378,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:45:10.957Z","status":"normal","exchange":"jj","name":"方正富邦稳裕纯债债券型证券投资基金","inceptionDate":"2021-09-28T16:00:00.000Z","fundCollectionId":4000050670000,"followedNum":0,"masterFundShortName":"方正富邦稳裕纯债","setUpDate":"2021-09-28T16:00:00.000Z","setUpAssetScale":420036013.26,"setUpShares":420036013.26,"pinyin":"fzfbwyczzqxzqtzjj","managers":[{"stockCode":"j101019801","stockType":"fund_manager","exchange":"fm","tickerId":231619243940,"name":"吴佩珊"}]},"announcement":{"linkText":"方正富邦稳裕纯债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=1274907","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0057fea5b3eb05064c6","date":"2024-12-30T16:00:00.000Z","stockId":3000000013378,"sao":"2024年，经济呈现出缓慢修复的态势，分季度看，一季度经济增速较高，同比增长5.3%；一季度后，在消费增速放缓、投资增速增长乏力、地产压力尚未大幅缓解等因素的共同作用下，经济增速有所放缓，二季度经济增长为4.7%，三季度经济增长为4.6%；9月底，中央政治局会议对经济工作进行提前讨论，经济刺激政策连续发力，推动四季度经济增长为5.4%，最终实现了全年5%的GDP增速目标。货币政策方面，央行全年进行两次降准两次降息操作，并通过国债买卖和买断式逆回购操作投放流动性，资金面整体宽松。全年债券收益率呈现震荡下行的走势，并创历史新低，具体可以分为3个阶段：（1）1-9月下旬：在资金面宽松、权益市场表现偏弱、资产荒等因素的驱动下，债券收益率整体震荡下行；（2）9月底-11月中旬：9月底债市在市场风险偏好回升以及资管产品赎回潮等因素的影响下，收益率大幅回调，随后，股市表现和政策预期成为市场主线，债券收益率宽幅震荡；（3）11月下旬-12月：特殊再融资债集中发行，央行呵护流动性，市场承接力较好，货币宽松预期引发非银机构等抢跑利率债，债券收益率大幅下行。　　年内，产品以票息策略为主，维持中性的久期，获取了较好的收益。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:57.463Z","mo":"2025年，我们认为国内在财政投资和消费补贴上将持续发力，地产或仍为拖累项，基建可能依旧是发力的关键，但海外方面，特朗普上台后的贸易战冲击仍存不确定性，出口或将面临较大压力，2025 年基本面走弱趋势可能放缓但难有很大起色，货币政策预计维持“适度宽松”的基调，化债背景下，“资产荒”的格局或将延续，债券资产仍然具有较好的配置价值。组合上，我们将继续以票息策略为主，注重不同资产品种之间的轮动，同时积极进行波段操作增厚组合收益。","fund":{"_id":3000000013378,"__csrcFundId":10035,"stockCode":"013378","shortName":"方正富邦稳裕纯债(013378)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13378,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:45:10.957Z","status":"normal","exchange":"jj","name":"方正富邦稳裕纯债债券型证券投资基金","inceptionDate":"2021-09-28T16:00:00.000Z","fundCollectionId":4000050670000,"followedNum":0,"masterFundShortName":"方正富邦稳裕纯债","setUpDate":"2021-09-28T16:00:00.000Z","setUpAssetScale":420036013.26,"setUpShares":420036013.26,"pinyin":"fzfbwyczzqxzqtzjj","managers":[{"stockCode":"j101019801","stockType":"fund_manager","exchange":"fm","tickerId":231619243940,"name":"吴佩珊"}]},"announcement":{"linkText":"方正富邦稳裕纯债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=1255574","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0057fea5b3eb05064c5","date":"2024-09-29T16:00:00.000Z","stockId":3000000013378,"sao":"经济基本面在三季度存在一定的下行压力，整体呈现国内有效需求不足，外需温和修复的特征。其中受地产及夏季极端高温天气影响，工业生产增速放缓；固定资产投资增速延续回落，其中地产投资仍是主要拖累项，基建和制造业投资增速虽有放缓，但仍保持较高韧性；受收入增速放缓和消费意愿偏低的制约，消费增速依然乏力；海外补库存带动外需回暖，出口增速延续修复势头。季度内，央行实施降准降息政策，资金面整体宽松，但是波动加大。　　三季度，债券收益率整体呈现先下后上走势。7月份，经济刺激力度低于预期，叠加一系列降息举措点燃债市做多热情，现券收益率显著下行；8 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报告期内，基金主要采用金融债投资策略，在严控信用风险的前提下，根据经济增长预期变化及收益率曲线形态变化进行组合久期调整，并在组合久期目标控制下，根据个券利差进行择券。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:57.452Z","mo":"展望2024年，在年底中央经济工作会议强调坚持稳中求进、以进促稳基调下，GDP增速目标设定预计将偏向积极。在积极的GDP目标下，央行维持偏宽松的货币政策概率较大，同时实体融资需求在居民部门就业和收入预期转弱以及政府债发行量加大的情况下将维持偏弱增长，叠加全球紧缩性货币政策转向预期带来的资本外流及人民币贬值压力缓解，债市收益率中枢预计将继续下移，但空间将相较于2023年收窄。在低利率、发债更趋严格以及资产供给相对不足延续逻辑下，债券的信用利差、期限利差总体将维持低位，各品种信用利差波动及城投再定价区域带来的交易机会将成为组合超额收益的重要来源。","fund":{"_id":3000000013378,"__csrcFundId":10035,"stockCode":"013378","shortName":"方正富邦稳裕纯债(013378)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13378,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:45:10.957Z","status":"normal","exchange":"jj","name":"方正富邦稳裕纯债债券型证券投资基金","inceptionDate":"2021-09-28T16:00:00.000Z","fundCollectionId":4000050670000,"followedNum":0,"masterFundShortName":"方正富邦稳裕纯债","setUpDate":"2021-09-28T16:00:00.000Z","setUpAssetScale":420036013.26,"setUpShares":420036013.26,"pinyin":"fzfbwyczzqxzqtzjj","managers":[{"stockCode":"j101019801","stockType":"fund_manager","exchange":"fm","tickerId":231619243940,"name":"吴佩珊"}]},"announcement":{"linkText":"方正富邦稳裕纯债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=1060530","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0057fea5b3eb05064c1","date":"2023-09-29T16:00:00.000Z","stockId":3000000013378,"sao":"三季度债券收益率总体先下后上，7月上旬央行公布的上月金融数据显示居民中长期贷款增长低迷，进入中旬统计局公布的6月和二季度经济数据低于市场预期，叠加市场对政策加码预期逐步减弱，债市做多力量主导，驱动债券收益率震荡下行。7月末中央政治局会议政策定调较为相对积极，市场对后续稳增长政策出台预期升温，一度带动收益率出现短暂调整。但紧接着8月上中旬公布的信贷、通胀和经济数据均低于市场预期，叠加月中央行宣布降息，10年期国债利率快速下行至2.54%的年内低点。但降息落地后，银行间回购利率反而边际回升，加上政府债券发行量不断加码及房地产优化政策密集出台，债市带来利空扰动，10年国债收益率从低位回升至季末2.7%附近位置。报告期内，基金延续利率债和金融债的配置策略，在严控信用风险的前提下，根据收益率曲线形态变化及个券利差进行择券。　　展望四季度，虽然地产改善仍存在不确定性，但在各项政策逐步落地推动下，全年经济增长目标完成概率较大，因此四季度政策加力的迫切性不高。通胀方面，四季度PPI同比离转正预计仍有一定难度，CPI同比预计维持1%以下的较低水平。银行间资金面方面，四季度央行货币政策预计将维持中性偏松的基调，但受到汇率压力的影响，资金利率波动幅度可能增大。在此背景下，债券收益率预计将继续保持下行的趋势，重点关注外需，商品房销售及政府债供给情况的变化。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:57.449Z","fund":{"_id":3000000013378,"__csrcFundId":10035,"stockCode":"013378","shortName":"方正富邦稳裕纯债(013378)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13378,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:45:10.957Z","status":"normal","exchange":"jj","name":"方正富邦稳裕纯债债券型证券投资基金","inceptionDate":"2021-09-28T16:00:00.000Z","fundCollectionId":4000050670000,"followedNum":0,"masterFundShortName":"方正富邦稳裕纯债","setUpDate":"2021-09-28T16:00:00.000Z","setUpAssetScale":420036013.26,"setUpShares":420036013.26,"pinyin":"fzfbwyczzqxzqtzjj","managers":[{"stockCode":"j101019801","stockType":"fund_manager","exchange":"fm","tickerId":231619243940,"name":"吴佩珊"}]},"announcement":{"linkText":"方正富邦稳裕纯债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=991270","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0057fea5b3eb05064c0","date":"2023-06-29T16:00:00.000Z","stockId":3000000013378,"sao":"上半年经济在一季度触底回升后二季度开始环比回升幅度放缓，二季度主要经济指标大多低于市场预期，其中工业增加值同比见顶回落，房地产投资增速降幅进一步扩大拖累投资增速走弱，出口增速降至负值，融资需求边际下降导致金融数据走弱，都令市场投资者对经济增长修复预期降温。债市方面，上半年收益率整体走势先扬后抑，1-2月在经济增长复苏脉冲的带动下债市走弱，10年国债收益率一度突破2.9%关口，但随着两会对经济增长目标的定调、二季度经济增长数据比下行幅度超过市场预期，以及央行宣布降低公开市场操作利率水平，10年国债收益率从高点快速回落并突破2.6%关口。报告期内，基金主要配置利率债和商业银行金融债，二季度组合通过增加部分利率债长债配置提高组合久期暴露，为组合贡献了较好的投资收益。在信用债投资方面，短期信用风险仍大，基金维持中高评级配置思路，择优选取标的，避免信用下沉带来的风险。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:57.446Z","mo":"展望下半年，由于需求端的制约，经济去库存周期短期难以扭转，经济增长环比动能大幅提升概率较低，而经济旧动能的减速将压制原材料价格的回升幅度，通胀预计仍将维持低增长的水平。货币政策方面，上半年存款利率市场化改革推进，为政策利率调降打下基础，而海外方面在发达国家经济、就业及通胀降温趋势已基本确立下，加息的终点已接近，我国货币政策宽松约束有望下降，下半年降低政策利率预计仍是可选项。在此背景下，债券市场在下半年面临利多因素仍将占主导，收益率的波动中枢有望继续下行。","fund":{"_id":3000000013378,"__csrcFundId":10035,"stockCode":"013378","shortName":"方正富邦稳裕纯债(013378)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13378,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:45:10.957Z","status":"normal","exchange":"jj","name":"方正富邦稳裕纯债债券型证券投资基金","inceptionDate":"2021-09-28T16:00:00.000Z","fundCollectionId":4000050670000,"followedNum":0,"masterFundShortName":"方正富邦稳裕纯债","setUpDate":"2021-09-28T16:00:00.000Z","setUpAssetScale":420036013.26,"setUpShares":420036013.26,"pinyin":"fzfbwyczzqxzqtzjj","managers":[{"stockCode":"j101019801","stockType":"fund_manager","exchange":"fm","tickerId":231619243940,"name":"吴佩珊"}]},"announcement":{"linkText":"方正富邦稳裕纯债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=966697","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0057fea5b3eb05064bf","date":"2023-03-30T16:00:00.000Z","stockId":3000000013378,"sao":"一季度经济触底回升，从已披露的经济数据看，1-2月生产、消费、投资等主要经济指标全面回升，经济修复的趋势得到确认，但修复的强度仍在市场预期范围内。债市在弱现实强预期的逻辑驱动下走势分化，在配置力量的推动下，信用债在经历去年四季度较大幅度的收益率上行后一季度有所修复，而利率债在一季度收益率延续上行。报告期内，基金延续利率债和金融债的配置策略，在严控信用风险的提前下，根据收益率曲线形态变化及个券利差进行择券。　　展望二季度，国内经济在去年的低基数下同比将继续呈现回升态势，主要的拉动因素在于内需层面，但《政府工作报告》中指出今年经济增速目标设定为 5%左右，增速目标设定较为谨慎，短期内出台大规模经济刺激政策的概率较低。国外方面，美联储加息对发达经济体的金融系统及实体经济影响逐步体现，海外银行体系风险事件发酵，企业信用扩张预计一定程度上受阻，外需下滑幅度需密切观察。在此背景下货币政策预计继续维持偏中性偏松，精准发力以巩固经济增长动能。债券市场将预计将维持区间震荡，待经济修复动能进一步确认。","declarationDate":"2023-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:57.443Z","fund":{"_id":3000000013378,"__csrcFundId":10035,"stockCode":"013378","shortName":"方正富邦稳裕纯债(013378)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13378,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:45:10.957Z","status":"normal","exchange":"jj","name":"方正富邦稳裕纯债债券型证券投资基金","inceptionDate":"2021-09-28T16:00:00.000Z","fundCollectionId":4000050670000,"followedNum":0,"masterFundShortName":"方正富邦稳裕纯债","setUpDate":"2021-09-28T16:00:00.000Z","setUpAssetScale":420036013.26,"setUpShares":420036013.26,"pinyin":"fzfbwyczzqxzqtzjj","managers":[{"stockCode":"j101019801","stockType":"fund_manager","exchange":"fm","tickerId":231619243940,"name":"吴佩珊"}]},"announcement":{"linkText":"方正富邦稳裕纯债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=887251","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0057fea5b3eb05064be","date":"2022-12-30T16:00:00.000Z","stockId":3000000013378,"sao":"回顾 2022 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