Core Viewpoint - The resumption of government bond trading operations by the central bank is seen as a significant positive catalyst for the bond market, indicating improved market conditions and a supportive monetary policy environment [1][2]. Group 1: Market Performance - As of October 29, 2025, the 30-year government bond ETF from Bosera (511130) rose by 0.01%, marking a three-day consecutive increase, with the latest price at 107.56 yuan [1]. - Over the past week, the 30-year government bond ETF has accumulated a rise of 0.56% [1]. - The trading volume for the 30-year government bond ETF was 15.18 billion yuan, with a turnover rate of 8.49% [1]. Group 2: Central Bank Actions - On October 27, 2025, the central bank governor announced at the Financial Street Forum that the overall bond market is performing well and that the central bank will resume open market operations for government bonds [1]. - The resumption is driven by improved bond market conditions and the need for policy coordination, signaling a supportive monetary policy stance [1]. - This operation aims to enhance the monetary environment for fiscal efforts and improve the market's pricing benchmark for government bonds [1]. Group 3: Fund Flows and Size - The latest size of the 30-year government bond ETF from Bosera is 17.8 billion yuan [3]. - There was a net outflow of 165 million yuan from the 30-year government bond ETF, but over the past five trading days, there were net inflows on four days, totaling 449 million yuan [3]. - The ETF closely tracks the Shanghai Stock Exchange's 30-year government bond index, which reflects the overall performance of the corresponding maturity government bonds [3].