The plummeting bond market: Is it time to gradually pay attention to the fundamentals?

Wallstreetcn
2025.03.12 03:06
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Shenwan Hongyuan believes that since 2024, the correlation between the bond market's rhythm and the fundamentals has weakened, possibly due to a gradually solidified perception of weak fundamentals. However, in the long run, the core pricing anchor of the bond market still lies in the fundamentals: - Bond market yields can mainly be explained by fundamentals. - Historically, the driving factors for the bond market's transition from bull to bear have mostly been due to fundamental factors