Group 1 - The ten-year government bond is influenced primarily by policy interest rates and economic cycles, benefiting from the current downward trend in interest rates [1] - The current economic environment is characterized by a structural transformation, with the economy gradually moving from a peak in 2021 to a bottoming phase, indicating weak demand [1] - Monetary policy is expected to remain accommodative, with potential for further easing signals, which is favorable for bond assets, particularly in the third quarter of this year [1] Group 2 - The Ten-Year Government Bond ETF (511260) is the only product tracking the Shanghai Composite Ten-Year Government Bond Index, consisting of bonds with maturities between seven to ten years [2] - The credit rating of government bonds is high, resulting in relatively low default risk, and the ETF's holdings are transparent, minimizing style drift risk [2] - The Ten-Year Government Bond ETF (511260) supports T+0 trading, enhancing liquidity for investors [2]
王振扬：宽松基调延续，债市或迎配置窗口？
Sou Hu Cai Jing·2025-06-30 01:49