债市关注点转向政策与买债规模，30年国债ETF(511090)迎资金加码，近21日合计“吸金”9.49亿

Group 1 - The 30-year Treasury ETF (511090) has undergone a downward adjustment as of December 2, 2025, with a liquidity turnover of 1.01% and a transaction volume of 326 million yuan [1] - As of December 1, the average daily transaction volume of the 30-year Treasury ETF over the past year was 8.269 billion yuan, with the latest fund size reaching 32.141 billion yuan [1] - In the past 21 trading days, there were 14 days of net fund inflow totaling 949 million yuan [1] Group 2 - The People's Bank of China conducted a 7-day reverse repurchase operation on December 1, with a fixed rate and a total of 107.6 billion yuan, resulting in a net withdrawal of 231.1 billion yuan for the day [1] - Industry insiders noted that the latest PMI data has limited impact on the bond market, which is currently focused on year-end policy directions and the central bank's upcoming bond purchase scale [1] - Guosen Securities indicated that low interest rates will become a long-term economic norm, and despite economic pressures, the central bank's resumption of bond purchases is beneficial for boosting investor sentiment [1][2]