More and more investors are turning their attention to overseas markets, and in this context, US dollar QDII bond funds have become a new favorite due to the rapid growth of their scale. According to Choice data, as of the end of the second quarter, the size of QDII bond funds that mainly invest in US dollar bonds has increased by nearly 200% compared to the end of last year. At present, QDII bond funds have implemented a purchase restriction mode. Industry insiders believe that with the increasing certainty of the Federal Reserve's interest rate cuts, there is an opportunity for the layout of US dollar bonds, but we should also be cautious of exchange rate risks.