十年国债ETF（511260）收红，近10日净流入超6.1亿元，十年国债配置价值逐渐凸显

Core Insights - The value of 30-year government bonds is becoming more apparent as they approach the after-tax adjusted mortgage rates, but the current risks indicate that ultra-long bonds should not be viewed merely as a duration strategy tool [1] - The 10-year government bonds are seen as a stabilizing force in the bond market during this adjustment phase, highlighting their robust characteristics [1] - The economic "K" structure is expected to persist in the short term, creating a favorable environment for the bond market, although pessimistic sentiments have not fully dissipated [1] Performance Summary - The 10-year government bond ETF (511260) tracks the Shanghai Stock Exchange 10-year government bond index, selecting bonds with a remaining maturity of 7 to 10 years listed on the exchange [1] - Since its inception, the 10-year government bond ETF has consistently achieved new net asset value highs, with historical performance remaining stable [1] - As of the end of Q2, the one-year return rate is 5.88%, the three-year return rate is 16.13%, the five-year return rate is 22.41%, and the cumulative return rate since inception is 36.68% [1] - The ETF has maintained positive returns for each of the seven complete natural years from 2018 to 2024, positioning it as a potential asset allocation tool that can navigate through market cycles [1]