十年国债ETF（511260）上一交易日净流入超6000万元，市场分歧下债市供需预期改善

Group 1 - The Federal Reserve's October FOMC decision reflects a moderate tone but increasing internal divisions among board members, with some favoring aggressive rate cuts while others prefer to maintain the current stance [1] - The decision to halt balance sheet reduction starting in December was slightly above expectations, which is anticipated to lower the central tendency of the 10-year Treasury yield by 1-2 basis points [1] - The domestic bond market is expected to benefit from enhanced monetary policy autonomy, with factors such as central bank purchases of government bonds and institutional year-end allocations contributing to favorable supply-demand dynamics [1] Group 2 - The 10-Year Treasury ETF (511260) tracks the Shanghai Stock Exchange 10-Year Treasury Index, selecting bonds with a remaining maturity of 7 to 10 years listed on the exchange, maintaining a constant duration with an average duration of 7.6 years [1] - Since its inception, the 10-Year Treasury ETF has consistently achieved new net asset value highs, with historical performance showing a 1-year return of 5.88%, a 3-year return of 16.13%, a 5-year return of 22.41%, and a cumulative return of 36.68% since inception [1] - The ETF has maintained positive annual returns over seven complete calendar years from 2018 to 2024, positioning it as a potential asset allocation tool that can navigate through market cycles [1]