#美国经济数据 Japan's government bond yields have reached a 16-year high, a signal that should not be underestimated. What does it mean when the bond markets of major global economies are under pressure? It indicates that funds are re-pricing risk.

Recently, I have been reviewing the operations of several experts and found that they are all adjusting their position configurations—from bond-related conservative strategies gradually shifting towards more flexible asset allocations. The logic behind this is clear: changes in the interest rate environment directly impact asset pricing, and the difficulty of following suit increases accordingly.

The key lies in adjusting the position allocation strategy. If you are following a conservative trader, they may reduce positions or turn to safe-haven assets; if you are following an aggressive trader, they may instead look for opportunities during volatility. At this point, you cannot go down one path blindly; you must decide on the proportion of your trades based on your risk tolerance and account size.

Experience tells me that during periods of pressure in the global bond market, stop losses will occur more frequently than usual, so it's important to prepare mentally. Instead of passively taking hits, it's better to proactively prepare plans in advance of adjustments by experts—this is how one can truly learn from the trades of others.