Funds are aggressively allocating to the value of government bonds, with the Guotai SSE 10-Year China Treasury Note ETF (511260) experiencing a net inflow of over 800 million yuan for four consecutive days

The Guotai 10-Year Treasury Note ETF (511260) has seen a net inflow of over 800 million yuan for four consecutive days, indicating a focus on treasury bond allocation. Despite international oil prices attracting investors, domestic commodity prices have retreated, and the liquidity remains ample with short-term interest rates operating at low levels. Technically, the bond market is experiencing narrow fluctuations, which do not constitute bear market conditions. In the medium to long term, the downward space for long-term bond yields is limited, and financing demand is relatively weak. Investors may pay attention to stable varieties, such as the Treasury Bond ETF (511010) and the 10-Year Treasury Note ETF (511260), which have shown stable historical performance, maintaining positive returns every year since their establishment