Core Viewpoint - The significant increase in the number of new bond indices in the first quarter is primarily driven by favorable policies, strong market demand, and enhanced investor education [1][2][3]. Policy Support - A series of policies have created a favorable environment for the growth of bond indices, including the "New National Nine Articles" promoting index investment, the 2024 Central Economic Work Conference emphasizing comprehensive capital market reforms, and the CSRC's action plan for high-quality development of index investment [1]. Market Demand - The demand for bond indices is driven by their stable yield characteristics, with notable increases in yields across various maturities, leading to heightened interest from institutional investors like insurance companies and pension funds, as well as a more rational risk appetite among individual investors [2]. Investor Education - The ongoing investor education efforts have significantly improved the recognition and acceptance of bond index products, exemplified by the substantial net inflow of over 7 billion yuan into newly listed credit bond ETFs [3]. Future Outlook - The continuous increase in bond indices will lead to a richer array of bond ETF products, providing diverse investment options for long-term capital, thereby enhancing market stability and promoting further innovation in bond index products [4].