8月社融存量增速见顶回落，30年国债ETF（511090）涨0.21%

Group 1: Market Overview - The bond market showed slight gains in early trading on September 15, with the 30-year government bond ETF (511090) rising by 0.21% [1] - As of 10:00 AM, the latest price for the 30-year government bond futures contract (TL2512) was 115.53 yuan, up 0.37%, with a trading volume of 30,161 contracts and a total open interest of 143,401 contracts [1] - Other government bond futures also saw increases, with the 10-year bond (T2512) up 0.13%, the 5-year bond (TF2512) up 0.07%, and the 2-year bond (TS2509) up 0.02% [1] Group 2: Monetary Policy and Financing - The central bank conducted a 600 billion yuan 7-day reverse repurchase operation today, maintaining the bidding rate at 1.40% [1] - Major interbank interest rates for government bonds generally declined, with the yield on the 10-year government bond active note (250011) down by 0.05 basis points to 1.797%, and the 30-year government bond active note (2500002) down by 1.2 basis points to 2.085% [1] - In August, new social financing amounted to 2.57 trillion yuan, a year-on-year decrease of 463 billion yuan, slightly below the average of 3.04 trillion yuan over the past five years [2] Group 3: Bond Market Insights - The August social financing stock growth rate fell to 8.8%, down 0.2 percentage points from July's 9% [2] - New government bonds issued in August totaled 1.37 trillion yuan, a year-on-year decrease of 251.9 billion yuan, indicating a slowdown in government bond issuance [2] - The Pengyang 30-year government bond ETF (511090) is currently the first ETF tracking the 30-year government bond index, offering T+0 trading attributes, which allows investors to trade flexibly and manage portfolio duration effectively [2]