TL弹性与中期配置需求共振，30年国债ETF(511090)红盘蓄势

Group 1 - The 30-year Treasury ETF (511090) has seen a slight increase of 0.06% as of December 1, 2025, with a trading volume of 15.22 billion yuan and a turnover rate of 4.77% [1] - Over the past year, the average daily trading volume of the 30-year Treasury ETF has been 82.69 billion yuan, indicating strong market activity [1] - The current size of the 30-year Treasury ETF has reached 32.335 billion yuan, with a net inflow of 693 million yuan over the last 20 trading days, with 13 days showing positive inflows [1] Group 2 - The 30-year Treasury ETF closely tracks the China Bond 30-Year Treasury Index, which consists of publicly issued 30-year government bonds with a maturity of 25-30 years [2] - The index serves as a benchmark for performance comparison and is part of the broader China Bond Index family [2] Group 3 - Short-term market trends are influenced by policy expectations and risk appetite, leading to a potentially volatile market, while medium-term expectations suggest a stronger trend with significant elasticity in the Treasury Long (TL) IRR [1] - The central bank's potential resumption of government bond purchases and the implementation of total monetary policy tools may increase institutional allocation demand in the fourth quarter [1]