Group 1 - The market sentiment towards the bond market has improved due to the expectation of monetary easing, leading to a weakening of the upward momentum for the 30-year interest rate in the short term [1] - The 30-10Y yield spread is expected to remain volatile between 35-45 basis points due to supply pressure and nominal growth recovery anticipated next year [1] - Long-term bonds may see a slight increase in January if economic indicators and equity market movements are favorable, with the 10-year government bond yield potentially rising to 1.9% or higher [1] Group 2 - As of December 19, 2025, the active bond index for 5-10 year government bonds has increased by 0.06%, with the government bond ETF for this duration showing active trading with a turnover of 27.23% and a transaction volume of 530 million yuan [3] - The government bond ETF for 5-10 years has reached a new high in scale at 1.949 billion yuan, with a net inflow of 31.17 million yuan over the last 10 trading days [3] - The management fee for the government bond ETF is 0.15%, and the tracking error over the last three months is 0.023% [3][4]
成交额超5亿元，国债ETF5至10年(511020)近10个交易日净流入3117.47万元
Sou Hu Cai Jing·2025-12-22 02:03