央行将开展7000亿元买断式逆回购操作，公司债ETF(511030)实现7连涨

Group 1: Bond Issuance by China Development Bank - China Development Bank issued a 1-year bond with a scale of 6 billion yuan and an issuance rate of 1.3618%, with a bid-to-cover ratio of 3.19 times and a marginal ratio of 3.92 times [1] - A 5-year bond was issued with a scale of 11 billion yuan and an issuance rate of 1.6253%, with a bid-to-cover ratio of 3.76 times and a marginal ratio of 1.63 times [1] - A 10-year bond was issued with a scale of 18 billion yuan and an issuance rate of 1.7467%, with a bid-to-cover ratio of 3.28 times and a marginal ratio of 1.53 times [1] Group 2: Central Bank Operations - The People's Bank of China announced a 700 billion yuan 3-month reverse repurchase operation scheduled for August 8 [1] - Industry insiders believe this operation aims to smooth out the peak of fiscal tax payments and preemptively hedge against liquidity pressure at the end of the quarter [1] - The central bank is expected to continue using various monetary policy tools to maintain liquidity and implement a moderately loose monetary policy [1] Group 3: Company Bond ETF Performance - As of August 7, 2025, the company bond ETF (511030) rose by 0.03%, marking a 7-day consecutive increase, with the latest price at 106.3 yuan [4] - The ETF has accumulated a year-to-date increase of 1.14% and has a recent trading volume of 19.94 billion yuan with a turnover rate of 8.92% [4] - The latest scale of the company bond ETF reached 22.363 billion yuan, a new high in nearly a year [4] Group 4: Fund Flows and Leverage - The fund inflow and outflow for the company bond ETF are balanced, with a total inflow of 10.6212 million yuan over the last five trading days [4] - The latest financing buy-in amount for the ETF is 2.477 million yuan, with a financing balance of 16.6183 million yuan [4] Group 5: Historical Performance and Returns - Over the past five years, the net value of the company bond ETF has increased by 13.68% [4] - The ETF's highest single-month return since inception was 1.22%, with the longest consecutive increase lasting 9 months and a maximum increase of 3.80% [4] - The annual profit percentage stands at 83.33%, with a monthly profit probability of 79.91% and a 100% probability of profit over a 3-year holding period [4] Group 6: Risk and Fee Structure - The maximum drawdown for the company bond ETF this year is 0.50%, with a relative benchmark drawdown of 0.08% [5] - The management fee rate for the ETF is 0.15%, and the custody fee rate is 0.05% [5] - The tracking error for the ETF this year is 0.013% [5]