本报告回顾了2025 年二季度债市表现,并依次介绍了纯债基金、含权债基、可转债基金的规模变动、发行概况、业绩表现、持仓变动等内容。总体来看,二季度债市收涨,纯债基金季度收益处近三年中等水平。含权债基整体获得正收益,且绝对收益相较上季度回升,权益仓位有所降低;纯债基金和含权债基均拉长久期、提高杠杆率;含权债基的中低评级债券占比略微提升;可转债基金平均收益为正,估值提升,转股溢价率下降。市场概况:...
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