债市风向调整，上证可转债ETF（511180）最新规模突破107亿元！

Group 1 - The core viewpoint of the news highlights the performance and growth of the Shanghai Convertible Bond ETF (511180), which has seen significant net inflows and a notable increase in its scale [1] - As of August, the Shanghai Convertible Bond ETF has accumulated over 2.5 billion yuan in net inflows, with its latest scale surpassing 10.7 billion yuan [1] - The fund's net value growth rates are reported as 5.10% over the past six months, 9.61% over the past year, and 18.16% since its inception [1] Group 2 - The bond market is approaching an independent trend, with the Shanghai Composite Index reaching a ten-year high and bond yields experiencing fluctuations [1] - Long-term bond yields have increased, with the 10-year government bond rising to 1.79% (+4 basis points) and the 30-year government bond reaching 2.04% (+4.4 basis points) [1] - Short-term bond yields have also risen, with the 1-year government bond at 1.38% (+1.7 basis points) and the 3-year government bond at 1.44% (+2.5 basis points) [1] Group 3 - The Huaxi Macro Fixed Income Team anticipates that the bond market may benefit from expectations of interest rate cuts, particularly following dovish remarks from Powell at the Jackson Hole meeting [2] - The dovish stance has alleviated concerns regarding the Federal Reserve not cutting rates in September, leading to a significant drop in the US dollar index and an appreciation of the offshore RMB [2] - The easing of global interest rate pressures opens up space for domestic monetary policy adjustments, including potential reserve requirement ratio cuts and bond purchases by the central bank [2]