Core Viewpoint - The 30-year Treasury ETF (511090) has shown strong performance with a recent price increase and significant trading activity, indicating a positive market sentiment towards long-term government bonds [1][2]. Group 1: Market Performance - As of April 29, 2025, the 30-year Treasury ETF rose by 0.53%, reaching a price of 124.59 yuan [1]. - The ETF experienced a trading volume of 22.85 billion yuan with a turnover rate of 13.74%, reflecting active market participation [1]. - Over the past month, the average daily trading volume for the ETF was approximately 99.99 billion yuan [1]. Group 2: Fund Flows and Investor Sentiment - The latest size of the 30-year Treasury ETF reached 165.75 billion yuan [2]. - In the last three days, the ETF saw a net inflow of funds totaling 3.81 million yuan, with a peak single-day inflow of 2.48 million yuan [2]. - The financing net purchase amount for the ETF was 27.45 million yuan, with a current financing balance of 324 million yuan, indicating ongoing interest from leveraged investors [2]. Group 3: Market Outlook and Strategy - Analysts from Dongfang Securities noted that the bond market experienced volatility in 2025, with interest rates initially rising but starting to decline from the end of March [2]. - The outlook for the bond market remains cautious, with expectations of continued fluctuations in interest rates as investors await new catalysts from economic fundamentals or central bank actions [2]. - The report suggests that maintaining liquidity while seeking higher yields remains a viable strategy for investors in the current market environment [3]. Group 4: ETF Characteristics and Benefits - The 30-year Treasury ETF closely tracks the China Bond 30-Year Treasury Index, which includes publicly issued 30-year government bonds [3]. - The ETF is considered a valuable tool for portfolio management, offering low trading thresholds and high trading efficiency, with a minimum transaction unit of 100 shares, approximately 10,000 yuan [3]. - The presence of multiple market makers ensures ample liquidity, allowing for immediate execution of trades [3].