机构继续看多，成交额超11亿元，国债ETF5至10年(511020)近5个交易日净流入3166.30万元

Group 1 - Henan issued 7-year general local bonds with a scale of 14.29449 billion, an issuance rate of 1.7300%, and a marginal multiple of 1.58 times, with an expected multiple of 2.26 [1] - Henan also issued 10-year ordinary special local bonds with a scale of 3.653 billion, an issuance rate of 1.7600%, and a marginal multiple of 1.29 times, with an expected multiple of 2.20 [1] - Agricultural Development Bank issued 392-day bonds with a scale of 15 billion, an issuance rate of 1.3900%, and a bidding multiple of 1.91 times, with a marginal multiple of 2.40 times [1] Group 2 - Shaanxi issued 10-year general local bonds with a scale of 6.50512 billion, an issuance rate of 1.7900%, and a marginal multiple of 2.66 times, with an expected multiple of 1.92 [1] - Shaanxi also issued 15-year ordinary special local bonds with a scale of 5.77238 billion, an issuance rate of 2.0100%, and a marginal multiple of 2.61 times, with an expected multiple of 2.06 [1] - The bond market is experiencing a decoupling from the stock market, with expectations for the 10Y national bond to return to around 1.65% after a rapid adjustment [3] Group 3 - As of August 6, 2025, the 5-10 year national bond active index increased by 0.03%, with the national bond ETF for 5-10 years showing a recent price of 117.31 yuan [3] - The national bond ETF for 5-10 years has seen a near 1-week cumulative increase of 0.25% [3] - The national bond ETF for 5-10 years has a latest scale of 1.488 billion [3] Group 4 - The national bond ETF for 5-10 years has seen a net value increase of 21.13% over the past 5 years [4] - The highest single-month return since inception for the national bond ETF for 5-10 years was 2.58%, with the longest consecutive months of increase being 10 months [4] - The management fee rate for the national bond ETF for 5-10 years is 0.15%, and the custody fee rate is 0.05% [4]