十年国债ETF（511260）昨日净流入超5.4亿元，四季度债券市场或更乐观

Group 1 - The bond market outlook for the fourth quarter is optimistic due to two main reasons: the central bank's plan to restart government bond trading operations and the noticeable volatility in short-term yields, which is linked to the central bank's previous "buy short, sell long" strategy [1] - The current yield curve is steeper compared to the past, with the yield spread between ten-year and five-year government bonds reaching the 79th percentile, indicating a historically attractive level for investment [1] - The Ten-Year Government Bond ETF (511260) has shown strong historical performance, with a one-year return of 5.88%, a three-year return of 16.13%, a five-year return of 22.41%, and a cumulative return of 36.68% since its inception [1] Group 2 - The Ten-Year Government Bond ETF (511260) tracks the Shanghai Stock Exchange 10-Year Government Bond Index, selecting bonds with a remaining maturity of 7 to 10 years listed on the exchange, maintaining a constant duration [1] - Since its establishment, the Ten-Year Government Bond ETF has achieved positive returns every year over the past seven complete natural years, positioning it as a potential asset allocation tool that can withstand market fluctuations [1]