十年国债ETF（511260）近5日净流入超6亿元，债市情绪回暖或受内外因素推动

Group 1 - The core viewpoint indicates a significant contraction in domestic demand in October, with the manufacturing PMI dropping to 49.0, reflecting a short-term impact on the economy due to uncertainties in China-US trade relations [1] - New orders and production indices have declined sharply, suggesting that while high growth in export activities may continue, the situation of insufficient domestic demand is unlikely to improve significantly [1] - The real estate sector is expected to take a longer time to reach the bottom, and the process of lowering mortgage rates may be relatively mild [1] Group 2 - In the bond market, expectations of the central bank resuming bond purchases have led to a decline in yields, with short-term rates falling significantly and the yield curve becoming steeper, although the mid-term adjustment process may not be over yet [1] - The Ten-Year Treasury ETF (511260) has consistently achieved new net value highs since its inception, with historical performance remaining robust; as of the end of Q2, the one-year return rate reached 5.88%, the three-year return rate was 16.13%, the five-year return rate was 22.41%, and the cumulative return since inception was 36.68% [1] - The Ten-Year Treasury ETF has maintained positive returns every year since its establishment, making it a potential asset allocation tool for navigating bull and bear cycles [1]