成交额超11亿元，国债ETF5至10年(511020)近10个交易日净流入3.18亿元

Group 1 - The core viewpoint emphasizes the focus on specific active bonds and hedging strategies for 5-year government bonds, particularly bonds 250208 and 250203, as well as the 5-year government bond-TF strategy [1] - For 30-year government bonds, the current yield spread between new and old bonds remains high, with non-active bonds showing good holding value, particularly bonds 250002 and 25T2 [1] - The 10-year government bond yield spread is around 7 basis points for bonds 250220-250215 and 1 basis point for bonds 250016-250022, indicating reasonable spreads [1] Group 2 - The liquidity of the 5-10 year government bond ETF is active, with a turnover rate of 58.28% and a transaction volume of 1.134 billion yuan [2] - The latest scale of the 5-10 year government bond ETF is 1.947 billion yuan, with a net inflow of 318 million yuan over the last 10 trading days [3] - The management fee rate for the 5-10 year government bond ETF is 0.15%, and the custody fee rate is 0.05% [4] Group 3 - The tracking error for the 5-10 year government bond ETF over the last three months is 0.024%, closely tracking the index of active bonds [5]