window.pageData = {"stock":{"_id":3000000022363,"name":"渤海汇金1个月持有期债券型发起式证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"022363","tickerId":22363,"shortName":"渤海汇金1个月持有债券发起C","currency":"CNY","exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"inceptionDate":"2025-04-16T16:00:00.000Z","pinyin":"bhhj1gycyqzqxfqszqtzjj","fundCollectionId":4000051050000,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"51050000","tickerId":51050000,"name":"渤海汇金证券资产管理有限公司"},"managers":[{"name":"李杨","stockType":"fund_manager","stockCode":"db20056223","exchange":"fm","tickerId":1225174270},{"name":"高延龙","stockType":"fund_manager","stockCode":"db20749850","exchange":"fm","tickerId":72512204270}],"hotMetrics":{"fss":{"stockId":3000000022363,"type":"fss","last_data_date":"2025-06-29T16:00:00.000Z","f_ins_h_s_r":0.9986,"f_ind_h_s_r":0.0014000000000000002,"f_h_a":24},"fpr":{"stockId":3000000022363,"type":"fpr","f_cagr_p_r_fs_ssc":7282,"f_cagr_p_r_fs_ssrp":0.8759785743716523,"f_p_r_m1_ssc":7585,"f_p_r_m1_ssrp":0.5996835443037974,"f_p_r_m3_ssc":7500,"f_p_r_m3_ssrp":0.47606347513001734,"f_p_r_m6_ssc":7312,"f_p_r_m6_ssrp":0.5214061003966626,"f_p_r_fys_ssc":7460,"f_p_r_fys_ssrp":0.5873441480091165,"f_p_r_y1_ssc":6831,"f_p_r_y1_ssrp":0.6751098096632504},"fp":{"stockId":3000000022363,"type":"fp","last_data_date":"2026-05-07T16:00:00.000Z","f_cagr_p_r_fs":0.015888266370076787,"f_p_r_m1":0.001980590215884259,"f_p_r_m3":0.007154155689180541,"f_p_r_m6":0.011160337692717404,"f_p_r_fys":0.00965429012391672,"f_p_r_y1":0.014995843066277326},"ff":{"stockId":3000000022363,"type":"ff","f_fr_d":"2025-10-09T16:00:00.000Z","f_m_fr":0.003,"f_c_fr":0.001,"f_mac_fr":0.004},"f_nlacan":{"stockId":3000000022363,"type":"f_nlacan","f_nv_d":"2026-05-07T16:00:00.000Z","f_nv":1.0118,"f_nv_cr":0.00009884353069100626},"f_as":{"stockId":3000000022363,"type":"f_as","f_tas":42422.564000000006,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000022362,"__csrcFundId":14863,"stockCode":"022362","masterFundShortName":"渤海汇金1个月持有债券发起","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":22362,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"渤海汇金1个月持有债券发起(022362)","lastUpdated":"2026-05-01T03:30:00.838Z","name":"渤海汇金1个月持有期债券型发起式证券投资基金","pinyin":"bhhj1gycyqzqxfqszqtzjj","fundCollectionId":4000051050000,"setUpAssetScale":1623039464.57,"setUpDate":"2025-04-16T16:00:00.000Z","setUpShares":1623039464.57,"inceptionDate":"2025-04-16T16:00:00.000Z"}],"bondHoldings":[{"_id":"69e8fbb21398d79843003d00","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000022362,"stockCode":"160213","stockName":"16国开13","holdings":1000000,"marketCap":102490000,"netValueRatio":0.0905,"lastUpdated":"2026-04-22T16:47:46.546Z"},{"_id":"69e8fbb21398d79843003d01","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000022362,"stockCode":"200310","stockName":"20进出10","holdings":900000,"marketCap":95543679,"netValueRatio":0.0844,"lastUpdated":"2026-04-22T16:47:46.550Z"},{"_id":"69e8fbb21398d79843003d02","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000022362,"stockCode":"230403","stockName":"23农发03","holdings":800000,"marketCap":82248547,"netValueRatio":0.0727,"lastUpdated":"2026-04-22T16:47:46.553Z"},{"_id":"69e8fbb21398d79843003d03","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000022362,"stockCode":"2520006","stockName":"25江苏银行01","holdings":800000,"marketCap":81744416,"netValueRatio":0.0722,"lastUpdated":"2026-04-22T16:47:46.556Z"},{"_id":"69e8fbb21398d79843003d04","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000022362,"stockCode":"250413","stockName":"25农发13","holdings":700000,"marketCap":71161309,"netValueRatio":0.0629,"lastUpdated":"2026-04-22T16:47:46.560Z"}]},"list":[{"_id":"69e8ec6f1398d79843fe9e11","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000022362,"sao":"一季度债券市场受到多重因素影响，收益率曲线呈现牛陡走势，10年期内利率在年初创出季度内高点后持续修复，尤其中短端表现亮眼，而超长债在滞和胀之间反复交易，收益率在3月份震荡走高。截至一季末，5年内国开债收益率普遍回落11-13bp，10年国开和国债分别回落6bp和3bp，30年国债上行8bp。具体来看，年初权益市场强势走高，同时市场对全年利率债预期偏悲观，导致基金受到一定赎回冲击，收益率多数创出季度内高点。不过随着配置盘资金陆续入场，尤其银行加大对10年期国债买入力度以稳定利率中枢，且伴随央行持续维护资金面及结构性降息落地，各期限品种收益率开始陆续修复。3月份开始，收益率曲线走势分化加重，一方面同业存款自律管理机制迎来新一轮升级，银行负债成本压降带动中短端利率快速下行，曲线开始走陡；另一方面，海外美伊冲突迅速拉升油价，市场在通胀和经济压力间不断摇摆，在此过程中权益风险偏好震荡走弱，长端利率保持相对稳定，超长端则受到冲击较大，除此之外经济开门红及供给不确定性亦对其造成压制影响。报告期内基金以中短期限利率债和高等级商金债投资为主，并利用一定仓位参与长端利率债交易以增厚收益，组合久期保持中性水平，杠杆中高适度，整体维持稳健运行。","lastUpdated":"2026-04-22T15:42:39.636Z","fund":{"_id":3000000022362,"__csrcFundId":14863,"stockCode":"022362","masterFundShortName":"渤海汇金1个月持有债券发起","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":22362,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"渤海汇金1个月持有债券发起(022362)","lastUpdated":"2026-05-01T03:30:00.838Z","name":"渤海汇金1个月持有期债券型发起式证券投资基金","pinyin":"bhhj1gycyqzqxfqszqtzjj","fundCollectionId":4000051050000,"setUpAssetScale":1623039464.57,"setUpDate":"2025-04-16T16:00:00.000Z","setUpShares":1623039464.57,"inceptionDate":"2025-04-16T16:00:00.000Z","managers":[{"stockCode":"db20056223","stockType":"fund_manager","exchange":"fm","tickerId":1225174270,"name":"李杨"},{"stockCode":"db20749850","stockType":"fund_manager","exchange":"fm","tickerId":72512204270,"name":"高延龙"}]},"announcement":{"linkText":"渤海汇金1个月持有期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=1473703","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3c47fea5b3eb05413a5","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000022362,"sao":"四季度，债券收益率呈现先下后上局面，尽管流动性持续保持宽松，且12月资金价格出现了下台阶行情，但经过10月至11月中旬超跌反弹的修复行情后，11月下旬开始，债市再度进入持续震荡调整状态直至年末，其中超长端品种表现尤弱，12月三次触碰年内高点2.29%附近，一方面反应市场对货币政策宽松力度持谨慎预期，譬如在年内最后的降息窗口11月降息落空、央行10月重启买债后单月规模较2024年显著降低以及央行对货币政策跨周期的解读等；另一方面权益市场的虹吸效应持续显现，即便在11月份的技术性回调阶段，债市在固收增强产品的流动性冲击下依旧难以作为，而12月中旬过后，股市提前迎来春季行情，对债市形成进一步压制。除此之外，12月中央经济工作会议指出将物价合理回升作为货币政策的重要考量之一，并灵活高效运用双降货币政策工具，前者令市场对明年通胀走势格外关注，对于后者市场普遍认为央行对双降使用的目标性会更强且相对谨慎。整体复盘看来，四季度流动性足够充裕，且有央行买债预期支撑，10年内品种收益率相比上季末多数仍以下行为主，而30年为代表的超长端则受到政策预期变化、流动性冲击及机构行为等因素影响，呈现大幅震荡局面，年底收益率略高于上季末。报告期内基金以中短期限利率债和高等级商金债投资为主，并小仓位灵活参与长端利率债交易，组合久期保持适度，杠杆水平有所提升。","lastUpdated":"2026-03-09T14:05:56.815Z","fund":{"_id":3000000022362,"__csrcFundId":14863,"stockCode":"022362","masterFundShortName":"渤海汇金1个月持有债券发起","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":22362,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"渤海汇金1个月持有债券发起(022362)","lastUpdated":"2026-05-01T03:30:00.838Z","name":"渤海汇金1个月持有期债券型发起式证券投资基金","pinyin":"bhhj1gycyqzqxfqszqtzjj","fundCollectionId":4000051050000,"setUpAssetScale":1623039464.57,"setUpDate":"2025-04-16T16:00:00.000Z","setUpShares":1623039464.57,"inceptionDate":"2025-04-16T16:00:00.000Z","managers":[{"stockCode":"db20056223","stockType":"fund_manager","exchange":"fm","tickerId":1225174270,"name":"李杨"},{"stockCode":"db20749850","stockType":"fund_manager","exchange":"fm","tickerId":72512204270,"name":"高延龙"}]},"announcement":{"linkText":"渤海汇金1个月持有期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=1453446","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3c47fea5b3eb05413a4","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000022362,"sao":"三季度，中国债市再度呈现出季节性弱势行情，尽管基本面对债市存在相对有利支撑，但在反内卷抬升价格预期、股市强劲上涨、公募基金费率新规导致赎回压力抬升等因素压制下，收益率普遍调整，10/30年国债免增值税活跃券分别从季初1.65%和1.86%上行至季末1.79%和2.14%，与此同时，相对宽松资金面对中短端支撑较强，导致曲线显著陡峭化。逐月来看，7月份行业反内卷持续推高价格抬升预期，导致债市对未来通胀开始有所定价，叠加大型基建启动、股商强势联动上涨及债基赎回，下旬收益率出现一波快速调整。8月份，市场风险偏好走高促使资金不断分流债市，也导致债市呈现出对利空敏感、利多反应不足特征，比如当月买断回购利率调降并未带动收益率下行，月末10年国债逼近1.80%关口。9月初，公募基金费率新规征求意见发布，导致债市做多情绪进一步走弱，随之而来的基金赎回压力致使收益率再上台阶，尽管市场预期央行会在十债1.80%上方时重启买债以托底债市，但最终落空，叠加做空动力较强，收益率基本呈现出易上难下局面。报告期内基金以中短期限利率债和高等级商金债投资为主，组合久期多数保持在适中水平；季末前杠杆维持在相对高位，临近季末调降至略低水平。","lastUpdated":"2026-03-09T14:05:56.812Z","fund":{"_id":3000000022362,"__csrcFundId":14863,"stockCode":"022362","masterFundShortName":"渤海汇金1个月持有债券发起","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":22362,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"渤海汇金1个月持有债券发起(022362)","lastUpdated":"2026-05-01T03:30:00.838Z","name":"渤海汇金1个月持有期债券型发起式证券投资基金","pinyin":"bhhj1gycyqzqxfqszqtzjj","fundCollectionId":4000051050000,"setUpAssetScale":1623039464.57,"setUpDate":"2025-04-16T16:00:00.000Z","setUpShares":1623039464.57,"inceptionDate":"2025-04-16T16:00:00.000Z","managers":[{"stockCode":"db20056223","stockType":"fund_manager","exchange":"fm","tickerId":1225174270,"name":"李杨"},{"stockCode":"db20749850","stockType":"fund_manager","exchange":"fm","tickerId":72512204270,"name":"高延龙"}]},"announcement":{"linkText":"渤海汇金1个月持有期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=1373988","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3c47fea5b3eb05413a3","date":"2025-06-29T16:00:00.000Z","stockId":3000000022362,"sao":"上半年，债市波动幅度较大，收益率整体呈现先上后下局面。年初在双降预期支撑下，十债下破1.6%，与此同时，央行暂停国债买入，流动性呈现紧平衡，中短端调整幅度明显放大。春节前后，AI+机器人领域的突破带动风险偏好持续抬升，叠加经济基本面出现底部回升迹象，且银行负债紧缺导致同业存单价格持续攀升至2%以上，一并导致十债收益率上行至1.75%左右。而两会期间央行重新解读“适度宽松”，双降预期受到快速修正，集中抛压下10/30年活跃券收益率最高至1.90%和2.145%，基本抹去此前30-40bp的降息预期定价。二季度初美国关税事件意外冲击，十债累计下行近20bp，随后进行窄幅盘整。5月初央行宽松货币政策落地，由于降息幅度有限，收益率继续在1.6%上方徘徊。随后中美关税启动谈判机制，一举扭转此前关税互加的僵持局面，长端品种对此持续定价达到10bp左右。不过，考虑到双降落地及资金价格中枢切实下台阶，同时关税谈判尚需一定过程，且二季度经济基本面呈现弱修复及通胀低迷等特征，债市环境显著区别于一季度，收益率调整上限明显压低，故后续市场进入到缓慢修复行情，而十债在向1.6%低位再度靠拢过程中，市场也阶段性犹豫，导致6月后半程交易主线转向利差压缩，非活跃品种表现突出。报告期内基金以利率债和高等级商金债投资为主，组合久期维持在适中水平，杠杆使用适度。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:05:56.804Z","mo":"展望三季度，关税进展、海外降息节奏、楼市局面等因素均有可能对基本面带来扰动，同时伴随供给压力，流动性易松难紧，整体对债市形成较强支撑。与此同时，反内卷抬升商品价格、大型基建项目建设、阶段性避险等预期层面因素可能带来不小压力，但鉴于上述基本面分析，收益率调整上限预计将低于一季度高点。整体上看，三季度债市波动预计将显著放大，注意攻防转换节奏，以灵活应对为主。","fund":{"_id":3000000022362,"__csrcFundId":14863,"stockCode":"022362","masterFundShortName":"渤海汇金1个月持有债券发起","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":22362,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"渤海汇金1个月持有债券发起(022362)","lastUpdated":"2026-05-01T03:30:00.838Z","name":"渤海汇金1个月持有期债券型发起式证券投资基金","pinyin":"bhhj1gycyqzqxfqszqtzjj","fundCollectionId":4000051050000,"setUpAssetScale":1623039464.57,"setUpDate":"2025-04-16T16:00:00.000Z","setUpShares":1623039464.57,"inceptionDate":"2025-04-16T16:00:00.000Z","managers":[{"stockCode":"db20056223","stockType":"fund_manager","exchange":"fm","tickerId":1225174270,"name":"李杨"},{"stockCode":"db20749850","stockType":"fund_manager","exchange":"fm","tickerId":72512204270,"name":"高延龙"}]},"announcement":{"linkText":"渤海汇金1个月持有期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=1341982","linkType":"PDF","source":"csrc_pdf"}}]}