One aspect of bond markets is performance is very tightly linked to rates and FX (which circles back to rates). As a result, I think bond markets can be more macro focused than equities where things are I think more idiosyncratic. You can sort of think of it as bond markets being more top down and stocks more bottoms up in analysis. Also as has been mentioned, bond markets have less upside exposure (particularly these days) so they can be more tuned in to macro moves to the downside.
That said, bond markets have a large insurance money component, much of which is yield focused and slow to sell (or completely against selling in the case of life insurance). There’s also a fair argument to be made about the overall quality of the analysts in that sector although I believe it has been improving a bit. I feel like insurers are sort of like the retail investors of bond markets, in large part due to the restrictions income mandates place on their ability to sell and the way it can push them into crowded trades.
All told though, I know my friends in even relatively sophisticated equity HF’s often tend to ping me for input on macro developments and I tend to reach out to them when I’m unsure on more company specific questions, I think they just tend to have a more intricate individual investment focus vs bond markets looking more to the horizon. If you listen to a DoubleLine Total Return quarterly call, the first 50 minutes is macro talk that has nothing to do with anything specific followed by about 15 minutes of fund performance, so that gives you an idea of where the focus is whereas macro focused equity funds are increasingly rare.