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央行对杠杆资金形成的泡沫担忧也在逐渐增长去年下半年以来,随着部分企业财务状况的恶化,信用违约事件不断增加,市场风险偏好下降,使得低风险的利率债成为市场资金热捧的宠儿,而渐行渐低的利率催生的债券牛市使得债券市场杠杆率不断上升。与此同时,监管趋严和宏观悲凉共同导致的高收益理财产品萎缩,也促使部分资金被迫退出高收益金融产品,转向利率债,债券市场因而
Central banks are also gradually increasing concerns about the bubble of leveraged funds Since the second half of last year, with the worsening of the financial conditions of some enterprises, credit default events have been increasing and the market risk appetite has been declining, making low-risk interest rate bonds the darling of market funds , While the declining interest rates have led to a bond bull market that has led to rising leverage in the bond market. At the same time, shrinking high-yielding wealth management products resulting from tougher regulation and macro-economic misery also prompted some funds to be forced out of high-yield financial products and turned to interest rate bonds. As a result, the bond market