央行重启国债买卖，短债配置价值凸显，国债ETF东财(511160)场内价格再创新高

Group 1 - The central bank announced the resumption of public market treasury bond trading operations, leading to a comprehensive decline in the treasury yield curve over the following two trading days [1] - The purpose of the treasury bond trading is to "enrich the monetary policy toolbox and enhance the financial function of treasury bonds," particularly during the liquidity-sensitive period from the fourth quarter to the Spring Festival [1] - The expectation of continued large purchases of short-term bonds by the central bank, alongside ongoing liquidity support measures for non-banking institutions, is expected to reinforce the certainty of short-term interest rates [1] Group 2 - The Dongcai Treasury Bond ETF (511160), as the only short-term treasury bond ETF in the market, closely tracks the CSI 1-3 Year Treasury Bond Index and is highly correlated with monetary policy operations [1] - In the context of the central bank's resumption of treasury bond trading, short-term treasury bonds are expected to benefit directly, positioning the Dongcai Treasury Bond ETF (511160) for potential gains [1]