Group 1 - The core viewpoint is that the 30-year government bond yield may experience a 20 basis point adjustment in Q4 due to various factors including a rise in yield from 1.84% to 2.2% and a significant reduction in the issuance of long-term bonds [1] - The risk appetite is expected to decline gradually, with market sentiment shifting from bullish to a more cautious stance, potentially leading to a capital flow back into the bond market [1] - The insurance premium growth is anticipated to improve slowly as the public gradually accepts a 2% deposit rate, which may lead to increased demand for 30-year bonds towards the end of the year [1] Group 2 - As of October 17, 2025, the 5-10 year government bond ETF index has risen by 0.06%, with a cumulative increase of 3.42% over the past year [2] - The trading volume for the 5-10 year government bond ETF was active, with a turnover of 45.05% and a transaction value of 6.95 billion yuan [2] - The latest scale of the 5-10 year government bond ETF reached 1.542 billion yuan, marking a six-month high [3] Group 3 - The 5-10 year government bond ETF has shown a net value increase of 21.93% over the past five years, ranking in the top 17.32% among 179 index bond funds [3] - The maximum drawdown for the 5-10 year government bond ETF in the last six months was 1.09%, with a relative benchmark drawdown of 0.40% [4] - The management fee for the 5-10 year government bond ETF is 0.15%, and the custody fee is 0.05% [5] Group 4 - The tracking error for the 5-10 year government bond ETF over the past month was 0.023%, indicating a close alignment with the underlying index [6] - The index reflects the performance of actively traded government bonds with maturities of 5, 7, and 10 years, calculated using a non-market capitalization weighted method [6]