单日成交额超38亿！0-4地债ETF(159816)冲击6连涨

Group 1 - The 0-4 local government bond ETF (159816) has seen a 2 basis points increase, marking its sixth consecutive rise, with the latest price at 113.61 yuan [1] - The ETF has demonstrated active trading with a turnover of 216.62% and a transaction volume of 3.844 billion yuan, indicating a vibrant market [1] - The average daily transaction volume for the ETF over the past month was 2.219 billion yuan as of June 6 [1] Group 2 - Recent market recovery in the bond sector is attributed to several factors, including a balanced and loose liquidity environment, with the central bank's unexpected front-loaded reverse repo operations signaling support for liquidity [1][2] - The anticipation of a potential restart of government bond trading has positively influenced short-term instruments, prompting institutional investors to act [1] - The conversation between the Chinese and U.S. presidents has also contributed to the overall favorable conditions for the bond market, despite uncertainties in trade negotiations [1] Group 3 - The People's Bank of China has announced a front-loaded reverse repo operation, reinforcing its supportive stance on liquidity, which aims to alleviate pressure on bank liabilities and address liquidity gaps [1][2] - The central bank's recent policy measures, including a 0.5 percentage point reserve requirement ratio cut and continued MLF operations, have created a comprehensive liquidity management framework [2] - These measures have led to a gradual decline in the central tendency of funding rates, positively impacting the short-term bond market [2] Group 4 - The 0-4 local government bond ETF closely tracks the CSI 0-4 Year Local Government Bond Index, which consists of non-directional local government bonds with a remaining maturity of four years or less [2][3] - The index is calculated using market capitalization weighting to reflect the overall performance of local government bonds within the specified maturity range [2]