政策持续发力，央行呵护资金面，30年国债ETF(511090)迎结构性机遇

Group 1 - The 30-year Treasury ETF (511090) is experiencing a stalemate in trading, with a turnover of 6.53% and a transaction volume of 1.454 billion yuan as of 11:00 AM on February 9, 2026 [1] - The average daily transaction volume for the 30-year Treasury ETF over the past year is 8.267 billion yuan as of February 6 [1] - The State Council's executive meeting on February 6 emphasized the importance of promoting effective investment to stabilize economic growth and enhance development momentum, focusing on infrastructure, urban renewal, public services, and emerging industries [1] Group 2 - The People's Bank of China (PBOC) conducted a combination of 7-day and 14-day reverse repos, achieving a net injection of 300 billion yuan through 14-day reverse repos on February 5, with a total net injection of 600 billion yuan over two days [1][2] - The 14-day reverse repo is seen as a precise countermeasure against the funding demand before the Spring Festival, reflecting a refined management of liquidity in the context of stable growth [2] - The 30-year Treasury ETF closely tracks the China Bond 30-Year Treasury Index, which consists of publicly issued 30-year government bonds, serving as a benchmark for investment performance in this category [2]