历经前几日的债市调整后，今日科创债ETF迎来反弹。截至2025年7月31日 11:15，科创债ETF鹏华 (551030)上涨0.20%。 作为首批10只科创债ETF之一，科创债ETF鹏华（551030）跟踪上证AAA科技创新公司债指数，该指数 是从上交所上市的科技创新公司债中，选取主体评级AAA，隐含评级AA+及以上的债券作为成分券。 该指数每月定期调整一次样本，能够较为准确地反映上交所中高等级科技创新公司债的整体表现。 科创债ETF具有信用风险较低的特性：一方面，当前科创债ETF对成分券均要求为主体评级AAA级的信 用债，其信用资质较高，信用风险低，安全性相对更有保障。另一方面，科创债有政策背书，作为聚焦 科技创新及战略性新兴产业的品种，今年以来政策持续聚焦科创债市场。 科创领域为当前国家关注的重点领域，其长期发展较为明确，国家政策也相对向其倾斜，2025年以来， 科创债市场相关配套政策持续出台，推动科创债市场加速发展。后续，随科创债市场活跃度上升，有望 推动其"政策溢价"向"市场共识溢价"转化，力争为投资者提供相对稳定的高票息回报机会。 相较于单券买入策略，科创债ETF具有低费率、低交易成本、透明度高、 ...

Group 1 - The 5-year local government bond ETF (159972) has seen a recent increase of 7 basis points, with an average daily trading volume of 1.369 billion yuan and a turnover rate of 29.84% over the past week [1] - The fund's performance shows a net value growth rate of 4.23% over the past year, 12.36% over the past three years, and 24.23% since its inception [1] - This ETF is the first of its kind in the market, closely tracking the China Securities 5-year local government bond index, consisting of non-directionally issued local government bonds with remaining maturities between 4 and 5.25 years [1] Group 2 - Recent key information includes a significant easing of US-China tariff rates and stronger-than-expected export data for April, although PPI year-on-year and new credit data showed weakness, leading to a defensive phase in the bond market with rising yields [1] - Guotai Junan Securities suggests that the easing signals from US-China negotiations have led the market to adjust its previously pessimistic pricing for the second quarter, with long-term rates declining first [1] - The current overnight funding rates have returned close to policy rates, indicating a lack of downward momentum without triggering factors, and the market is awaiting catalysts for the transmission chain from funding rates to short-term and then long-term rates [2]