央行今日开展3426亿7天逆回购，30年国债ETF(511090)最新规模超314亿，近1月日均成交超百亿

Core Viewpoint - The 30-year Treasury ETF is experiencing a tight balance between bullish and bearish sentiments, with significant trading activity and liquidity observed in recent days [1]. Group 1: Market Activity - As of October 30, 2025, the 30-year Treasury ETF (511090) had a turnover rate of 1.26% during the trading session, with a transaction volume of 398 million yuan [1]. - Over the past month, the average daily trading volume of the 30-year Treasury ETF reached 10.059 billion yuan [1]. - The latest scale of the 30-year Treasury ETF is reported at 31.434 billion yuan, with a total of 264 million shares outstanding [1]. - The net inflow of funds into the 30-year Treasury ETF is recorded at 418 million yuan [1]. Group 2: Monetary Policy and Economic Outlook - On October 30, the central bank conducted a reverse repurchase operation of 342.6 billion yuan with an interest rate of 1.40%, while 212.5 billion yuan of reverse repos were set to mature on the same day [1]. - According to CITIC Securities, the central bank's decision to resume government bond trading is likely aimed at supporting fiscal efforts, ensuring ample liquidity for financial institutions by year-end, and reinforcing the central bank's control over the yield curve [1]. - The short-term outlook for the bond market appears to be downward, although the long-term operational logic remains largely unchanged [1]. - The overall bond market faced pressure in the third quarter, with recent widening of the yield curve attributed to a decline in institutional trading preferences and marginal changes in growth expectations [1].