成交额超2000万元，国债ETF5至10年(511020)实现5连涨

Group 1 - Institutions remain optimistic about long-term bonds, with funds slightly buying back ultra-long bonds in February, while brokerages have begun to buy back some 10Y government bonds and policy bank bonds, indicating significant potential for net purchases of ultra-long bonds [1] - Major banks have increased their allocation to 10-20Y government bonds since the beginning of the month, suggesting a shift in investment strategy [1] - The peak of credit issuance for the year has passed, and with the cost of liabilities decreasing quarterly, the scale of bank proprietary bond investments is expected to expand significantly by 2026 [1] Group 2 - As of February 11, 2026, the China Bond 5-10 Year Treasury Active Bond Index (net price) rose by 0.05%, while the Treasury ETF for 5-10 years increased by 0.07%, marking five consecutive days of gains [3] - The Treasury ETF for 5-10 years has seen a cumulative increase of 0.30% over the past week, with a trading volume of 29.6 million yuan and an average daily transaction of 595 million yuan over the past year [3] - The latest scale of the Treasury ETF for 5-10 years reached 1.156 billion yuan, with a maximum drawdown of 0.21% this year [3] Group 3 - The Treasury ETF for 5-10 years closely tracks the China Bond 5-10 Year Treasury Active Bond Index, which selects bonds with maturities of 5, 7, and 10 years to reflect the overall performance of these bonds [4]