成交额超7亿元，国债ETF5至10年(511020)近10个交易日净流入3.18亿元

Group 1 - The article discusses the potential for a rise in 10-year bond yields due to a high-risk appetite sentiment expected at the beginning of next year, despite concerns over significant special treasury supply and nominal growth recovery [1] - It is anticipated that the 10-year government bond yield may rise to 1.9% or higher in the next 1-2 months, while the 30-10Y yield spread is expected to remain between 35-45 basis points, with a possibility of expanding to 50 basis points due to increased supply next year [1] - The article suggests that in the short term, investors should focus on opportunities in mid-term credit and mid-term government bonds, as current funding rates are low and may attract more investment [1] Group 2 - As of December 16, 2025, the active bond index for 5-10 year government bonds has seen a slight increase of 0.01%, with the government bond ETF for the same duration also rising by 0.01% to a price of 115.32 yuan [2] - The trading volume for the 5-10 year government bond ETF was active, with a turnover rate of 38.38% and a total transaction value of 746 million yuan [2] - The latest scale of the 5-10 year government bond ETF reached 1.945 billion yuan, with a net inflow of 318 million yuan over the past 10 trading days [3] Group 3 - The management fee for the 5-10 year government bond ETF is set at 0.15%, while the custody fee is 0.05% [4] - The tracking error for the 5-10 year government bond ETF over the past two months is reported at 0.024%, indicating a close alignment with the underlying index [5] - The index tracks actively traded government bonds with maturities of 5, 7, and 10 years, reflecting the overall performance of these bonds [5]