科创债ETF南方(159700)9月底以来累计涨89BP

Core Viewpoint - The A-share market has declined following global stock market trends, while the bond market has shown positive performance, particularly in the technology innovation bond ETF, which has seen significant gains since late September [1] Market Performance - Since the end of September, the market has experienced increased risk aversion due to trade tensions, leading to a recovery trend in rate bonds and credit bonds ETFs, with the technology innovation bond ETF South (159700) rising by 89 basis points from September 26 to the present [1] - The technology innovation bond ETF South (159700) has seen a substantial increase in its share volume, growing by 7,356 million shares, representing a growth rate of 166.13% since its launch in July [1] Central Bank Actions - The central bank has resumed operations for government bond purchases, signaling a loosening monetary policy. On November 5, it conducted a 700 billion yuan reverse repurchase operation to inject medium-term liquidity into the banking system, helping to maintain a stable and ample funding environment [1] Policy Support for Technology Innovation Bonds - The government continues to implement policies to support the development of technology innovation bonds, including establishing a green channel for reviews and encouraging market makers to provide liquidity, indicating a potential for continued expansion in the technology innovation bond market [1] - Guohai Securities highlights the certainty of ongoing expansion for technology innovation bond ETFs, ensuring a favorable development trend and good liquidity advantages, making it a focus for continued attention [1]