window.pageData = {"stock":{"_id":3000000018668,"name":"中信建投景润3个月定期开放债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"018668","tickerId":18668,"shortName":"中信建投景润3个月定开债券D","currency":"CNY","exchange":"jj","fundCollectionId":4000050840000,"inceptionDate":"2023-06-28T16:00:00.000Z","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","fundCollection":{"_id":4000050840000,"exchange":"jjgs","stockType":"fund_collection","stockCode":"50840000","tickerId":50840000,"name":"中信建投基金管理有限公司"},"managers":[{"_id":7160825212360,"name":"潘泓宇","gender":"m","educationCode":"001002","resume":"潘泓宇：男，2016年9月加入中信建投基金管理有限公司，历任运营管理部基金会计、交易部交易员、投资部-固收投资部基金经理助理、固定收益部基金经理。","tickerId":160825212360,"stockType":"fund_manager","areaCode":"cn","stockCode":"db20795960","exchange":"fm","cnInfoCode":"db20795960","lastUpdated":"2025-07-01T14:38:25.334Z","followedNum":0,"currency":"CNY","workingDate":"2021-03-31T16:00:00.000Z","fundCompanyId":4000050840000,"fundManagerSecondLevel":"bond","pinyin":"phy","appointmentDate":"2025-06-25T16:00:00.000Z"},{"_id":7192517255730,"name":"邵彦棋","gender":"m","educationCode":"001002","resume":"邵彦棋：男，曾任清华大学五道口金融学院国家金融研究院宏观研究员、山西证券股份有限公司宏观固收研究员。2022年3月加入中信建投基金管理有限公司，曾任固定收益研究部宏观研究员、基金经理助理，现任固定收益部基金经理。","tickerId":192517255730,"stockType":"fund_manager","areaCode":"cn","stockCode":"j101020105","exchange":"fm","cnInfoCode":"j101020105","followedNum":0,"currency":"CNY","lastUpdated":"2025-07-01T22:57:44.768Z","workingDate":"2025-06-25T16:00:00.000Z","fundCompanyId":4000050840000,"fundManagerSecondLevel":"bond","pinyin":"syq","appointmentDate":"2025-06-25T16:00:00.000Z"}],"hotMetrics":{"fss":{"stockId":3000000018668,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.996015,"f_ind_h_s_r":0.003985,"f_h_a":7,"f_h_s_a":36329,"f_ind_h_s_r_c_hy":0,"f_ins_h_s_r_c_hy":0,"f_ind_h_s_r_c_1y":-0.0006820000000000003,"f_ins_h_s_r_c_1y":0.0006819999999999604,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000018668,"type":"fpr","f_p_r_fys_ssc":7473,"f_p_r_fys_ssrp":0.5813704496788008,"f_p_r_m1_ssc":7539,"f_p_r_m1_ssrp":0.6747147784558238,"f_p_r_m3_ssc":7468,"f_p_r_m3_ssrp":0.5822954332395875,"f_p_r_m6_ssc":7244,"f_p_r_m6_ssrp":0.4239955819411846,"f_p_r_y1_ssc":6775,"f_p_r_y1_ssrp":0.6439326837909655,"f_cagr_p_r_fs_ssc":7238,"f_cagr_p_r_fs_ssrp":0.7312422274423104,"f_p_r_y2_ssc":5786,"f_p_r_y2_ssrp":0.7576490924805531},"fp":{"stockId":3000000018668,"type":"fp","f_p_r_d1":-0.0010553583421281099,"f_cagr_p_r_fs":0.022886622469696638,"f_p_r_m1":0.0011563308823652196,"f_p_r_m3":0.006076482966845154,"f_p_r_m6":0.01277664030750536,"f_p_r_fys":0.006076482966845154,"f_p_r_y1":0.016063306888631113,"last_data_date":"2026-04-02T16:00:00.000Z","f_p_r_y2":0.041919865544894463},"ff":{"stockId":3000000018668,"type":"ff","f_m_f":759904,"f_m_f_r":0.003,"f_c_f":253301,"f_c_f_r":0.001,"f_m_a_c_f":1013205,"f_m_a_c_f_r":0.004,"f_m_c_f_d":"2024-08-28T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2025-06-30T16:00:00.000Z","f_m_fr":0.003,"f_mac_fr":0.004},"f_nlacan":{"stockId":3000000018668,"type":"f_nlacan","f_nv_d":"2026-04-02T16:00:00.000Z","f_nv":1.0146,"f_nv_cr":0.00019716088328070036},"f_as":{"stockId":3000000018668,"type":"f_as","f_tas":307310.33160000003,"f_tas_d":"2025-12-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj"},{"_id":3000000014969,"name":"中信建投景润3个月定期开放债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"014969","tickerId":14969,"shortName":"中信建投景润3个月定开债券C","currency":"CNY","__csrcFundId":11279,"exchange":"jj","lastUpdated":"2025-01-04T00:32:16.448Z","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"status":"normal","setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":123862.9,"setUpShares":123862.9,"masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"zxjtjr3gydqkfzqxzqtzjj"}],"bondHoldings":[{"_id":"69723b311987889646e7150b","date":"2025-12-30T16:00:00.000Z","fundId":3000000014968,"stockCode":"09240203","stockName":"24国开清发03","holdings":600000,"marketCap":60526027,"netValueRatio":0.1149,"lastUpdated":"2026-01-22T14:58:57.567Z","declarationDate":"2026-01-21T16:00:00.000Z"},{"_id":"69723b311987889646e7150c","date":"2025-12-30T16:00:00.000Z","fundId":3000000014968,"stockCode":"240706","stockName":"24信达03","holdings":500000,"marketCap":52299506,"netValueRatio":0.0993,"lastUpdated":"2026-01-22T14:58:57.570Z","declarationDate":"2026-01-21T16:00:00.000Z"},{"_id":"69723b311987889646e7150d","date":"2025-12-30T16:00:00.000Z","fundId":3000000014968,"stockCode":"2522028","stockName":"25奔驰汽车债02","holdings":500000,"marketCap":50334342,"netValueRatio":0.0955,"lastUpdated":"2026-01-22T14:58:57.573Z","declarationDate":"2026-01-21T16:00:00.000Z"},{"_id":"69723b311987889646e7150e","date":"2025-12-30T16:00:00.000Z","fundId":3000000014968,"stockCode":"250211","stockName":"25国开11","holdings":500000,"marketCap":50238931,"netValueRatio":0.0954,"lastUpdated":"2026-01-22T14:58:57.576Z","declarationDate":"2026-01-21T16:00:00.000Z"},{"_id":"69723b311987889646e7150f","date":"2025-12-30T16:00:00.000Z","fundId":3000000014968,"stockCode":"2522021","stockName":"25建信金租债04","holdings":500000,"marketCap":50183767,"netValueRatio":0.0953,"lastUpdated":"2026-01-22T14:58:57.579Z","declarationDate":"2026-01-21T16:00:00.000Z"}],"profile":{"m":{"date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-30T16:00:00.000Z","managers":[{"name":"邵彦棋","d":"本基金的基金经理","wy":5,"md":"中国籍，中央财经大学经济学硕士。曾任清华大学五道口金融学院国家金融研究院宏观研究员、山西证券股份有限公司宏观固收研究员。2022年3月加入中信建投基金管理有限公司，曾任本公司固定收益研究部宏观研究员、基金经理助理，现任本公司固定收益部基金经理，担任中信建投稳裕定期开放债券型证券投资基金、中信建投稳丰63个月定期开放债券型证券投资基金、中信建投景晟债券型证券投资基金、中信建投景润3个月定期开放债券型证券投资基金、中信建投中债3-5年政策性金融债指数证券投资基金、中信建投中债0-3年政策性金融债指数证券投资基金基金经理。","ad":"2025-06-25T16:00:00.000Z"},{"name":"潘泓宇","d":"本基金的基金经理","wy":8,"md":"中国籍，马里兰大学会计学硕士。2016年9月加入中信建投基金管理有限公司，曾任运营管理部基金会计、交易部交易员、投资部-固收投资部基金经理助理，现任本公司固定收益部基金经理，担任中信建投景和中短债债券型证券投资基金、中信建投凤凰货币市场基金、中信建投添鑫宝货币市场基金、中信建投稳泰一年定期开放债券型发起式证券投资基金、中信建投双鑫债券型证券投资基金、中信建投景明一年定期开放债券型发起式证券投资基金、中信建投景润3个月定期开放债券型证券投资基金、中信建投中证同业存单AAA指数7天持有期证券投资基金、中信建投景荣债券型证券投资基金基金经理。","ad":"2025-06-25T16:00:00.000Z"},{"name":"杨龙龙","d":"本基金的基金经理","wy":10,"md":"曾任中信建投基金管理有限公司特定资产管理部投资经理助理、投资经理，固定收益部基金经理。","ad":"2022-08-23T16:00:00.000Z","dd":"2025-06-25T16:00:00.000Z"}]}}},"list":[{"_id":"69cd676d83a905a12b88cc37","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-30T16:00:00.000Z","stockId":3000000014968,"sao":"2025年全年经济整体复苏，节奏上前高后低，物价持续修复。具体地，经济增速全年保持5%左右，结构上外需强于内需。1、固定资产投资增速下降，全年累计同比-3.8%，为名义增速拖累项，主因地产投资跌幅扩大、制造业投资和基建投资高位回落。2、消费先上后下，社零全年累计同比3.7%。3、出口动能维持强势，人民币计价出口累计同比全年保持6%以上，是经济的支撑项。价格方面，通胀温和修复，PPI同比回到-3%以上，跌幅趋缓，CPI回到0%以上。在经济复苏的背景下，全年利率震荡上行，幅度较大。一季度，债市受到股债跷跷板和资金面收敛影响，长端利率上行幅度较大，10Y国债利率一度触及全年高点1.90%。4月，在美方超预期增加关税影响下，债券收益率快速下行，随后10Y国债利率处于1.65%底部区间震荡。三季度，在反内卷带来的通胀预期、公募销售费率征求意见稿相关政策，以及股债跷跷板等多重因素影响下，长端利率出现持续大幅调整，10Y国债利率反复触及全年高点1.90%，同时超长债调整大于10Y国债。四季度，虽然债市利空因素仍有扰动，但央行重启国债买卖，债市整体处于震荡。本基金本年度维持中性久期，同时在部分时段进行一些波段操作以及信用下沉策略增厚收益。","lastUpdated":"2026-04-01T18:43:57.456Z","mo":"2026年，经济增速或保持平稳，但经济转型过程中，内需偏弱的格局仍然存在，经济进一步复苏需期待政策继续发力。价格或保持修复趋势，对债市形成扰动。资金面保持平稳概率较大，不排除货币政策有进一步宽松的可能。去年利率走高后，下行空间出现，存在交易机会。本基金将根据市场及基本面的变化，灵活选择持仓品种及久期，结合波段操作，在严控风险的前提下增强组合的收益。","fund":{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20795960","stockType":"fund_manager","exchange":"fm","tickerId":160825212360,"name":"潘泓宇"},{"stockCode":"j101020105","stockType":"fund_manager","exchange":"fm","tickerId":192517255730,"name":"邵彦棋"}]},"announcement":{"linkText":"中信建投景润3个月定期开放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=1459999","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed10e7fea5b3eb05175e9","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000014968,"sao":"2025年三季度，利率出现一定幅度调整，主因：1）反内卷政策以及价格项本身的基数效应引发市场对“走出通缩”的预期；2）低利率环境以及由此引发的存款搬家导致市场风险偏好提升。两个因素共同作用导致权益市场持续活跃，股债跷跷板下债券市场承压。三季度基本面继续恶化，投资增速处于历史低位，消费和出口增速都出现下滑，但债券市场并未定价基本面，主因：1）去年“债牛”已定价经济最悲观假设，透支了利率下行空间；2）基本面定价在长期看有效，短期市场波动受资本市场资金流动影响更大。本基金在三季度仓位维持中性，把握市场的交易机会。对于2025年四季度债券市场展望，我们认为债市风险最大的阶段已过。1）随着利率绝对水平回升，债市对股市逐渐脱敏；2）经济基本面偏弱+政策托而不举，基本面定价的话利率已到合理点位；3）虽然存在公募新规扰动，但债基负债端不稳并非债市负债端不稳，短期市场情绪造成的利率曲线凸点从后往前看都是加仓的好机会。因此，目前看四季度整体环境对债市偏有利，收益率上行风险可控。","lastUpdated":"2026-03-09T13:54:22.722Z","fund":{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20795960","stockType":"fund_manager","exchange":"fm","tickerId":160825212360,"name":"潘泓宇"},{"stockCode":"j101020105","stockType":"fund_manager","exchange":"fm","tickerId":192517255730,"name":"邵彦棋"}]},"announcement":{"linkText":"中信建投景润3个月定期开放债券型证券投资基金2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1380187","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed10e7fea5b3eb05175e8","date":"2025-06-29T16:00:00.000Z","stockId":3000000014968,"sao":"报告期内，二季度利率重新回到年初低位。一方面，中美摩擦的不确定性带来利率下行。另一方面，央行降息降准落地，且资金面转松，带动利率下行。二季度基本面较一季度边际弱化，但在低基数的支撑下，主要经济指标同比波动有限，基本面对债市的影响偏中性。本基金一二季度仓位维持中性， 把握市场交易机会。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:54:22.719Z","mo":"对于2025年三季度债券市场展望， 我们认为债市风险不大。经济基本面偏弱，抢出口接近尾声，出口的拉动效应减弱。资金面有望在短期维持宽松，而新增的稳增长政策出台概率较小。另外，中美贸易摩擦虽然阶段性缓和，但仍存在不确定性。因此，目前看，三季度整体环境对债市偏有利，收益率上行风险可控。","fund":{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20795960","stockType":"fund_manager","exchange":"fm","tickerId":160825212360,"name":"潘泓宇"},{"stockCode":"j101020105","stockType":"fund_manager","exchange":"fm","tickerId":192517255730,"name":"邵彦棋"}]},"announcement":{"linkText":"中信建投景润3个月定期开放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=1345206","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed10e7fea5b3eb05175e7","date":"2025-03-30T16:00:00.000Z","stockId":3000000014968,"sao":"2025年一季度，债市走出了一波调整，市场下跌幅度较大。虽然稳增长政策陆续出台，但是市场对于经济基本面的预期依旧偏弱，对于货币宽松的预期非常强烈。但是央行从跨年过后将资金利率水平大幅抬升，并且持续较长时间，导致市场出现了比较明显的下跌。本基金一季度操作主要以减仓为主，配合利率债的交易机会的把握，久期和仓位都下降幅度较大，策略上以防守为主。对于2025年二季度债券市场展望，我们认为债券市场维持震荡偏强的概率较大，经济基本面虽然边际有所好转，但是持续性和力度有待观察，市场对于基本面持续好转尚未形成较为一致的预期。在此前提之下，货币政策还会继续维持宽松格局，政策转向的概率较小，收益率上行风险可控。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:54:22.716Z","fund":{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20795960","stockType":"fund_manager","exchange":"fm","tickerId":160825212360,"name":"潘泓宇"},{"stockCode":"j101020105","stockType":"fund_manager","exchange":"fm","tickerId":192517255730,"name":"邵彦棋"}]},"announcement":{"linkText":"中信建投景润3个月定期开放债券型证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1271978","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed10e7fea5b3eb05175e6","date":"2024-12-30T16:00:00.000Z","stockId":3000000014968,"sao":"2024年度，债市走出了大牛市，市场波动幅度较过往几年较小。虽然稳增长政策陆续出台，但是市场对于经济基本面的预期依旧偏弱，对于货币宽松的预期非常强烈。全年利率单边下行，个别月份虽有调整，但是调整后的修复速度非常快，呈现出调整幅度小，修复速度快的行情特点。本基金本年度主要以利率债为主要投资标的，注重交易性机会的获取，久期波动范围较大。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:54:22.714Z","mo":"对于2025年度债券市场展望，我们认为较债券市场维持震荡偏强的概率较大，经济基本面虽然边际有所好转，但是持续性和力度有待观察，市场对于基本面持续好转尚未形成较为一致的预期。在此前提之下，货币政策还会继续维持宽松格局，政策转向的概率较小，收益率上行风险可控。","fund":{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20795960","stockType":"fund_manager","exchange":"fm","tickerId":160825212360,"name":"潘泓宇"},{"stockCode":"j101020105","stockType":"fund_manager","exchange":"fm","tickerId":192517255730,"name":"邵彦棋"}]},"announcement":{"linkText":"中信建投景润3个月定期开放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=1256231","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed10e7fea5b3eb05175e5","date":"2024-06-29T16:00:00.000Z","stockId":3000000014968,"sao":"上半年债券市场走出了牛市行情，信用债和利率债走势较为强劲，信用利差持续压缩。虽然稳增长政策陆续出台，但是市场对于经济基本面的预期依旧偏弱。市场资金面较为宽松，跨季资金面未出现较大幅度波动。非银机构经负债端较为稳定，规模继续回升，对于信用债的配置需求较强。本基金在上半年主要以利率债持仓为主，久期和仓位变动较大，以获取资本利得为主要目的。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:54:22.711Z","mo":"对于2024年下半年债券市场展望，我们认为较债券市场维持震荡偏强的概率较大，经济基本面虽然边际有所好转，但是持续性和力度有待观察，市场对于基本面持续好转尚未形成较为一致的预期。在此前提之下，货币政策还会继续维持宽松格局，政策转向的概率较小，收益率上行风险可控。","fund":{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20795960","stockType":"fund_manager","exchange":"fm","tickerId":160825212360,"name":"潘泓宇"},{"stockCode":"j101020105","stockType":"fund_manager","exchange":"fm","tickerId":192517255730,"name":"邵彦棋"}]},"announcement":{"linkText":"中信建投景润3个月定期开放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=1148229","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed10e7fea5b3eb05175e4","date":"2024-03-30T16:00:00.000Z","stockId":3000000014968,"sao":"本季度债券市场仍然走出了牛市行情，信用债和利率债走势较为强劲，信用利差持续压缩。虽然稳增长政策陆续出台，但是市场对于经济基本面的预期依旧偏弱。市场资金面较为宽松，跨季资金面出现了较大幅度波动。非银机构经负债端较为稳定，规模继续回升，对于信用债的配置需求较强。本基金在本季度主要以利率债持仓为主，久期和仓位变动较大，以获取资本利得为主要目的。对于2024年二季度债券市场展望，我们认为较债券市场维持震荡的概率较大，经济基本面虽然边际有所好转，但是持续性和力度有待观察，市场对于基本面持续好转尚未形成较为一致的预期。在此前提之下，货币政策还会继续维持宽松格局，政策转向的概率较小，收益率上行风险可控。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:54:22.708Z","fund":{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20795960","stockType":"fund_manager","exchange":"fm","tickerId":160825212360,"name":"潘泓宇"},{"stockCode":"j101020105","stockType":"fund_manager","exchange":"fm","tickerId":192517255730,"name":"邵彦棋"}]},"announcement":{"linkText":"中信建投景润3个月定期开放债券型证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1071872","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed10e7fea5b3eb05175e3","date":"2023-12-30T16:00:00.000Z","stockId":3000000014968,"sao":"本年度债券市场仍然走出了牛市行情，信用债和利率债走势较为强劲，信用利差持续压缩。虽然稳增长政策陆续出台，但是市场对于经济基本面的预期依旧偏弱。市场资金面全年较为宽松，跨季资金面出现了较大幅度波动。非银机构经负债端较为稳定，规模继续回升，对于信用债的配置需求较强。本基金在本年度主要以利率债持仓为主，久期和仓位变动较大，以获取资本利得为主要目的。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:54:22.706Z","mo":"对于2024年债券市场展望，我们认为较债券市场维持震荡的概率较大，经济基本面虽然边际有所好转，但是持续性和力度有待观察，市场对于基本面持续好转尚未形成较为一致的预期。在此前提之下，货币政策还会继续维持宽松格局，政策转向的概率较小，收益率上行风险可控。","fund":{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20795960","stockType":"fund_manager","exchange":"fm","tickerId":160825212360,"name":"潘泓宇"},{"stockCode":"j101020105","stockType":"fund_manager","exchange":"fm","tickerId":192517255730,"name":"邵彦棋"}]},"announcement":{"linkText":"中信建投景润3个月定期开放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=1056776","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed10e7fea5b3eb05175e2","date":"2023-09-29T16:00:00.000Z","stockId":3000000014968,"sao":"三季度债券市场走势偏震荡，信用债和利率债走势较为分化，利率债收益率震荡特征较为明显，信用债收益率呈下行态势。虽然稳增长政策陆续出台，但是市场对于经济基本面的预期依旧偏弱。市场资金面在三季度由松转紧，跨季资金面出现了大幅收紧。非银机构经负债端较为稳定，规模继续回升，对于信用债的配置需求较强。本基金在三季度主要以利率债持仓为主，组合久期和仓位变动较大，主要是基于震荡市格局下的波段交易策略。对于2023年四季度债券市场展望，我们认为较债券市场维持震荡的概率较大，经济基本面虽然边际有所好转，但是持续性和力度有待观察，市场对于基本面持续好转尚未形成较为一致的预期。在此前提之下，货币政策还会继续维持宽松格局，政策转向的概率较小，收益率上行风险可控。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:54:22.703Z","fund":{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20795960","stockType":"fund_manager","exchange":"fm","tickerId":160825212360,"name":"潘泓宇"},{"stockCode":"j101020105","stockType":"fund_manager","exchange":"fm","tickerId":192517255730,"name":"邵彦棋"}]},"announcement":{"linkText":"中信建投景润3个月定期开放债券型证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=991633","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed10e7fea5b3eb05175e1","date":"2023-06-29T16:00:00.000Z","stockId":3000000014968,"sao":"2023年上半年，债券市场走出了牛市行情，收益率下行幅度较大。市场对于经济基本面的预期由去年的强预期逐渐转弱，从经济数据来看，上半年还是处于经济衰退期，并未走出市场先前所预期的经济持续复苏。市场资金面出现了全面宽松，银行体系在二季度结束了资金紧张的局面。非银机构经负债端上半年持续增加，规模继续回升，对于信用债的配置需求较强。本基金在上半年主要投资于利率债，久期和仓位变动较大，平均久期提升幅度较大。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:54:22.700Z","mo":"对于2023年下半年度债券市场展望，我们认为债券市场牛市行情并未结束，但是波动风险会有所上升。经济基本面目前还是处于偏弱的格局，但是有望在今年四季度走出困境。经济指标出现了企稳回升的迹象，但是其持续性尚需观察。在此前提之下，货币政策短期内还会继续维持宽松格局。预计资金面对债市会有较大支撑。从利率点位来看，当前点位接近去年低点，市场止盈力量会阶段性主导行情变化，操作策略上，不会大幅追涨，逢低买入。","fund":{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20795960","stockType":"fund_manager","exchange":"fm","tickerId":160825212360,"name":"潘泓宇"},{"stockCode":"j101020105","stockType":"fund_manager","exchange":"fm","tickerId":192517255730,"name":"邵彦棋"}]},"announcement":{"linkText":"中信建投景润3个月定期开放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=965974","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed10e7fea5b3eb05175e0","date":"2023-03-30T16:00:00.000Z","stockId":3000000014968,"sao":"一季度债券市场走势较为分化，信用债走出了估值修复行情，收益率大幅下行，利率债维持震荡走势，没有趋势性行情出现。市场对于经济基本面的预期由去年的强预期逐渐转弱，甚至对于二三季度经济走势有所担忧，但是由于资金面相对偏紧，银行体系普遍缺钱，因此利率债品种难以走出较为明显的趋势下行行情。非银机构经历了去年四季度大规模赎回后，今年一季度负债端相对稳定，而且规模有所回升，对于信用债的配置需求较强。本基金在一季度增加了利率债持仓，组合久期有所提升。对于2023年二季度债券市场展望，我们认为较一季度波动会加大，原因在于经济基本面预计在二季度将出现较大变化，对于市场会形成较大影响。同时，当前机构杠杆处于相对高位水平，对于资金面会形成较大压力。最后，银行体系流动性短缺状态尚未看到明显好转。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:54:22.697Z","fund":{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20795960","stockType":"fund_manager","exchange":"fm","tickerId":160825212360,"name":"潘泓宇"},{"stockCode":"j101020105","stockType":"fund_manager","exchange":"fm","tickerId":192517255730,"name":"邵彦棋"}]},"announcement":{"linkText":"中信建投景润3个月定期开放债券型证券投资基金2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=885801","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed10e7fea5b3eb05175df","date":"2022-12-30T16:00:00.000Z","stockId":3000000014968,"sao":"2022年债券市场波动较大，主要呈现在第四季度。从宏观经济格局来看，2022年是步入通缩之年，主要宏观经济指标均呈现下行状态，市场各主体预期较弱。从宏观政策面来看，全年主基调为稳增长，财政政策和货币政策均有所发力，财政政策表现较为积极，基建投资表现亮眼；货币政策力度也较大，市场流动性较为充裕，资金利率低位运行。四季度债券市场呈现出剧烈波动的特征，十一和十二月份市场出现了踩踏式下跌。回顾其原因主要有两方面，一方面是央行主导资金利率向政策利率回归，资金面较二三季度明显收敛；另一方面是疫情政策和地产政策的调整和优化，使市场对于经济基本面修复预期较强。以上两点因素对债券市场形成较大冲击，债市下跌导致了银行理财产品净值回撤，出现了理财赎回潮，新形成了踩踏式负反馈。在负反馈的作用下，信用债调整幅度较利率债更大，信用利差明显走阔。本基金在2022年投资策略上较为灵活，组合久期和仓位变动较大，前三季度主要以配置型策略为主，第四季度策略选择上更偏向于交易型，投资品种变化较大。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:54:22.695Z","mo":"对于2023年债券市场，我们认为较2022年更为复杂多变。在疫情政策和地产政策调整后，经济基本面预计会有所修复，但是修复时间大概率在后半年开启，全年修复力度可能会弱于市场预期。前半年经济基本面还是会在通缩区间运行，走出通缩还需要更多的政策支持。因此对于债市的展望，我们认为前半年还是会延续经济基本面强预期与弱现实的格局，债券市场以震荡为主，但是震荡幅度预计会加大，债券市场会有比较好的交易性机会。","fund":{"_id":3000000014968,"__csrcFundId":11279,"stockCode":"014968","shortName":"中信建投景润3个月定开债券A","masterFundShortName":"中信建投景润3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":14968,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:35.530Z","status":"normal","exchange":"jj","name":"中信建投景润3个月定期开放债券型证券投资基金","fundCollectionId":4000050840000,"inceptionDate":"2022-08-23T16:00:00.000Z","followedNum":0,"setUpDate":"2022-08-23T16:00:00.000Z","setUpAssetScale":670092956.04,"setUpShares":670092956.04,"pinyin":"zxjtjr3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20795960","stockType":"fund_manager","exchange":"fm","tickerId":160825212360,"name":"潘泓宇"},{"stockCode":"j101020105","stockType":"fund_manager","exchange":"fm","tickerId":192517255730,"name":"邵彦棋"}]},"announcement":{"linkText":"中信建投景润3个月定期开放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=873364","linkType":"PDF","source":"csrc_pdf"}}]}