（数据来源：WIND资讯） 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 本周继续关注本轮债市调整以来平安公司债ETF（511030）回撤控制排名第一，近一周场内成交贴水最少，净值相对稳健且回撤可控，可参考 下表（本轮债市调整自2025年8月8日起算）： | 代码 | 同移 | 场内简称 | 托管/ | 規模(亿) | 近1周成交量 | 近1周後 | 近1周均贴 | 近1周涨跌 | 质押率 | 本就讀整 | 近年 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | (47) | 手率 | 水率 | 1981 | | 最大回簽 | Calmark | | 511030.SH | 平安中债-中高等级公司债利差因子ETF | 公司價IF | 千安装行最份有限公司 | 224.05 | 123.66 | 58.65% | -0.02% | 0.044% | 63.00 | -0.1925 | 3.9284 | | 511220SH | 海富通上证城投债ETF | 城投债 ...

Investors who rotated into floating-rate or ultra-short bond funds in recent years did so for good reason. Yields at the short end of the curve topped five percent while longer-duration bonds saw sharp price losses asJoseph Jones, professor at The University of Southern Mississippi, has over fifteen years of experience studying the market. He focuses on portfolio construction from a dividend growth investor's perspective. The insights expressed in his research are solely his own; they do not represent the v ...

Core Viewpoint - The recent "double reduction" policy by the central bank is expected to positively impact the short-end bond market, particularly benefiting the 0-4 year local government bond ETF, which has shown strong performance and liquidity [3]. Group 1: ETF Performance - As of May 8, 2025, the 0-4 year local government bond ETF (159816) has increased by 0.03%, marking its seventh consecutive rise, with the latest price at 113.45 yuan [1]. - The ETF has achieved a record high in scale, reaching 1.842 billion yuan, the highest in nearly a year [2]. - The ETF has demonstrated active trading, with an intraday turnover of 134.69% and a transaction volume of 2.481 billion yuan [1]. Group 2: Market Insights - The "double reduction" policy is anticipated to release medium to long-term liquidity, which is favorable for short-end bonds and certificates of deposit [3]. - The sensitivity of short-end interest rates to liquidity conditions suggests that the recent monetary easing will create downward space for short-end rates, contingent on the pace of funding rate declines [3]. - The 0-4 year local government bond ETF closely tracks the CSI 0-4 Year Local Government Bond Index, which includes bonds with a remaining maturity of 4 years or less, reflecting the overall performance of this segment [3][4].