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Significant drops in medium and long-term pure bond products during the bond market pullback.
On September 28, Jinshi Data reported that according to Choice data, as of September 27, among more than 6600 bond funds in the entire market (calculated separately for different share classes), the interval net asset value of Huian Yuhua Pure Bond Regular Open, Jinxin Minfu Bond C, and Rongtong Tongfu Bond (LOF) C has fallen by more than 5% since September 24, with the interval net asset value of nearly 300 products falling by more than 1%, and the interval net asset value growth rate of nearly 4500 products being negative. In terms of fund types, most of the bond funds with large declines are pure bond funds. The reporter found that from September 24 to September 27, among the top 100 bond funds with the largest declines in the bond fund market, 68 of them are pure bond funds, with most of them being medium to long-term pure bond funds.