30年国债ETF(511090)调整蓄势，盘中成交超32亿

Core Viewpoint - The 30-year Treasury ETF (511090) has shown a cumulative increase of 0.44% over the past two weeks as of October 13, 2025, indicating a positive trend in the bond market despite recent fluctuations [1] Group 1: Market Performance - As of October 13, 2025, the 30-year Treasury ETF recorded an intraday turnover of 11.49%, with a total transaction volume of 3.299 billion yuan, reflecting active market trading [1] - The average daily transaction volume for the 30-year Treasury ETF over the past month was 9.163 billion yuan [1] Group 2: Yield Changes - On October 13, the yields for the 10-year and 30-year Treasury bonds increased by 1.8 basis points and 3.0 basis points, respectively, closing at 1.76% and 2.11% [1] - The bond market experienced a brief adjustment after initial selling pressure in the stock market, leading to a rebound in equity markets and a subsequent rise in long-term yields [1] Group 3: Market Trends and Outlook - According to Guosheng Securities, the bond market exhibited significant volatility in the third quarter, influenced by strong performance in the stock and commodity markets, as well as public fund fee reforms [2] - The report suggests that the bond market's operational logic may shift in the fourth quarter, with limited downward space for interest rates and potential external factors, such as escalating US-China tariff issues, increasing market volatility [2] - Despite the recent rise in stock market risk appetite, the current economic fundamentals and asset scarcity do not support a trend of rising interest rates [2] - The liquidity in the market is expected to remain ample, supported by the central bank's policy to maintain reasonable liquidity levels, which provides a foundation for the bond market's stabilization [2] Group 4: Index Tracking - The 30-year Treasury ETF closely tracks the China Bond 30-Year Treasury Index, which consists of publicly issued 30-year treasury bonds with a remaining maturity of 25-30 years, serving as a benchmark for investments in this category [2]