债市有望震荡偏强，资金抢筹债市，十年国债ETF（511260）近5日净流入超4.6亿元

Group 1 - The bond market is expected to show a strong fluctuation, with significant capital inflow into the bond market, as evidenced by a net inflow of over 460 million yuan into the 10-year government bond ETF (511260) in the past five days [1] - Financial Street Securities indicates a strong market expectation for interest rate cuts after the holiday, with signs of weak economic recovery and relatively ample liquidity supporting early demand growth [1] - If the interest rate cut expectations are realized before the "Two Sessions," the yield on 10-year government bonds may potentially drop below 1.8%, suggesting a generally positive outlook for the bond market [1] Group 2 - 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, maintaining a constant duration [1] - Since its inception, the 10-year government bond ETF has consistently achieved new net asset value highs, with historical performance remaining robust; as of the end of Q3 2025, the one-year return rate is 4.17%, three-year return rate is 14.04%, five-year return rate is 23.39%, and cumulative return since inception is 35.77% [1] - The ETF has maintained positive annual returns over seven complete calendar years from 2018 to 2024, positioning it as a potential asset allocation tool that can navigate through bull and bear cycles [1]