首批信用债ETF通用质押回购业务或于6月6日生效，信用债ETF天弘（159398）近10日累计“吸金”超14亿元

Group 1 - The core viewpoint of the news highlights the active trading and liquidity of the Tianhong Credit Bond ETF, which has seen a net inflow of over 1.4 billion yuan in the past 10 trading days, with 9 days of inflow [1] - The Tianhong Credit Bond ETF has been approved to participate in general pledged repo business, marking it as one of the first credit bond ETFs to be included in the repo collateral pool, effective from June 6 [1] - Huachuang Securities indicates that the introduction of general pledged repo business for credit bond ETFs will enhance market liquidity and trading activity, benefiting institutional investors in liquidity management and yield amplification [1] Group 2 - Ping An Securities notes that recent declines in funding rates, LPR rates, and bank deposit rates have led to a downward trend in bond market rates, compressing credit spreads [2] - The decrease in deposit rates is expected to continue, which will further lower bond market rates and credit spreads, suggesting that investors should focus on mid-to-high grade bonds with extended durations, particularly in the context of reduced supply in urban investment bonds [2]