BlackRock Fund's Wang Dengfeng: The bond market is more likely to exhibit a "corridor-like" operating characteristic in the future

Recently, at the 2026 Investment Outlook hosted by BlackRock China, BlackRock Fund’s Chief Capital Officer Wang Dengfeng stated that the bond market is more likely to exhibit a “corridor” pattern in the future, with an upper limit and a lower limit. The upper bound is constrained by expectations of easing policies and actual policy support, while the lower bound is influenced by the ongoing economic recovery, with equity markets and other risk asset markets exerting some pressure on the bond market. Overall, the fluctuation range of interest rates is expected to be relatively narrow. (People’s Financial News)