十年国债ETF（511260）飘红，债市中长期存宽松预期

Group 1 - The core viewpoint is that the ten-year treasury futures are expected to stabilize and rebound by January 2026, supported by factors such as renewed expectations for monetary policy easing, concentrated demand from banks and insurance companies, weak economic fundamentals providing underlying support for the bond market, and the relative high yield of thirty-year treasury bonds revealing increasing investment value [1] - The central economic work conference has set the tone for a "more proactive fiscal policy" and "moderately loose monetary policy" in 2026, aiming to enhance counter-cyclical adjustments, although the long-end treasury space may be constrained by proactive fiscal measures and rising inflation expectations [1] - The ten-year treasury ETF (511260) has shown consistent high net value since its establishment, with historical performance indicating a near 1-year return rate of 4.17%, a near 3-year return rate of 14.04%, a near 5-year return rate of 23.39%, and a cumulative return rate of 35.77% since inception [1] Group 2 - The ten-year treasury ETF has maintained positive returns every year since its establishment, indicating its potential as a valuable asset allocation tool across market cycles [1]