成交额超14亿元，信用债ETF基金(511200)连续3天净流入

Core Insights - The credit bond ETF fund (511200) is experiencing a tight market with a latest quote of 100.29 yuan, indicating active trading with a turnover rate of 38.16% and a transaction volume of 1.401 billion yuan [1] - The fund has seen a net inflow of 61.1387 million yuan over the past three days, with a peak single-day inflow of 30.0703 million yuan, reflecting strong investor interest [1] - As of the latest data, the fund's total shares reached 36.5975 million, marking a three-month high, and its total scale reached 3.667 billion yuan, the highest since its inception [1] Market Outlook - Western Securities anticipates a significant likelihood of a downward trend in credit bond yields in May, driven by fundamental and monetary factors [2] - The expectation of more stable growth policies and a potential easing of monetary policy by the central bank could lead to a decrease in short-term interest rates, positively impacting credit bond yields [2] - The credit bond ETF fund primarily tracks the Shanghai Stock Exchange benchmark corporate bond index, focusing on AAA-rated bonds from high-quality state-owned enterprises, covering a maturity range of 0-30 years [2]