China Merchants CSI Treasury and Policy Bank Bond 0-3 Years ETF

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China Development Bank issued a 3-year bond with a size of 5 billion yuan at an interest rate of 1.4900%, compared to an expected rate of 1.4800% and a bid multiple of 4.08 times; it also issued a 7-year bond with a size of 2 billion yuan at an interest rate of 1.6945%, compared to an expected rate of 1.7100% and a bid multiple of 6.02 times

Wallstreetcn

Ping An CSI 5-10Y CGB ETF

PP CGBOND

PP CGBOND HDG-U

PP CGBOND-R

PP CGBOND-U

ISHARESCGB

Guotai SSE 5-Year China Treasury Note ETF

Fullgoal Chinabond 7-10 Year Policy Bank Bond ETF

ICBCCSOP CGPB

GX CN PB BOND

ICBCCSOP CGPB-R

Penghua CSI 0-4 Year Local Government Bond ETF

The People's Bank of China expects that by the end of March 2026, the custodial balance of foreign institutions in China's bond market will reach RMB 3.2 trillion, accounting for 1.6% of the total market custodial balance. In the first quarter of 2026, the total issuance of panda bonds was RMB 842.4 billion, and 10 new foreign institutions entered the interbank bond market

China's Central Bank: As of end-March 2026, foreign institutions' custodial balance in China's bond market reached RMB 3.2 trillion

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Last week, the easing of geopolitical conflicts led to a rebound in long-term bonds, with the main contract for 30-year Treasury futures rising by 0.82%. The average performance of medium- and long-term bond funds reached 0.08%, with top funds such as Huatai-PB Aoyue A achieving weekly returns exceeding 1%. Despite ongoing external uncertainties and inflationary pressures, the bond market is still expected to attract capital inflows, particularly from long-term funds of institutions such as banks and insurance companies. Short-term bond funds performed relatively weakly, with the highest weekly performance only reaching 0.19%

腾讯新闻 - 财经

Bosera SSE 30-Year China Treasury Bond ETF

Pengyang Chinabond 30-year Treasury Bond ETF

Government Bond Index

Guotai SSE 10-Year China Treasury Note ETF

The easing of geopolitical conflicts catalyzes a rebound in long-term bonds, with leading bond funds achieving weekly returns exceeding 1%

On the last trading day before the Qingming Festival, the Shanghai Composite Index fell below 3,900 points, with a decrease of 10.989 billion yuan in margin financing, reflecting a low market risk appetite. Bond ETFs have attracted attention, with a net inflow of over 14.5 billion yuan in the past five trading days. Short-term bonds, due to their low sensitivity to interest rate fluctuations, have been favored by funds. The China Merchants Treasury and Policy Bank Bond ETF (511580), as a liquidity management tool, is designed flexibly with low fees, making it suitable for managing idle funds

The Shanghai Composite Index has once again lost the 3,900-point mark, with trading sentiment weak ahead of the holiday, leading to increased attention on short-duration bond ETFs

Holiday funds do not stop, the A-shares market will be closed for three days during the Qingming Festival, and investors can use this window for arbitrage. The operational suggestions include selling reverse repos on April 2nd and buying the government bond policy bank bond ETF (511580) on April 3rd, enjoying bond coupon income and capital gains. This ETF has good liquidity, a large scale, supports T+0 trading, high capital efficiency, and a pledge rate of 103%, allowing for financing to enhance returns. Risk warning: Investment should be cautious, and the strategy does not guarantee the safety of the principal

Holiday funds do not close! Please keep this short holiday arbitrage strategy handy

In the market fluctuations before the holiday, Trump stated that he might end the war, affecting global asset pricing. A-shares closed higher after oscillating, indicating market divergence. The China Merchants CSI Treasury and Policy Bank Bond ETF (511580) became a choice for funds, as it tracks treasury bonds and policy bank bonds, possessing "quasi-cash" attributes and stable returns. The T+0 trading mechanism of this ETF created arbitrage opportunities amid tight funds before the holiday, making it suitable for investors seeking returns and liquidity

Pre-holiday cash management strategy: T+0 ETF tools enhance interest calculation for 4 days

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In a low interest rate environment, the yields on fixed income financial products are narrowing, and market sentiment is cautious. Short-term risk appetite is difficult to enhance, and fixed income products are facing transformation pressure. Medium to short duration bond varieties are receiving attention, with the China Merchants Government Bond and Policy Financial Bond ETF (511580) becoming the product with the best liquidity, supporting T+0 trading, suitable for short-term fund management and arbitrage trading. This product invests in government bonds and policy financial bonds with maturities of up to 3 years, featuring stable risk-return characteristics, capable of hedging portfolio risks and providing higher returns

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

Hwabao WP CSI Banks ETF

China Merchants CSI BANK AH Price ETF

Fullgoal CSI 800 Banks ETF

E Fund CSI 300 Financials (ex Banks) ETF

WP CSI Banks ETF

China Merchants Bank

ChinaAMC CSI Banks ETF

China Southern CSI Banks ETF

Huaan CSI Banks ETF

In a low interest rate environment, fixed income investment returns are narrowing, and short-duration bond varieties are gaining attention

In a volatile market, investors can use the "Thursday Rule" for painless arbitrage. Recently, the market rebounded after a significant drop, but confidence remains low, and it is expected to continue fluctuating in the short term. The market usually experiences a sharp decline every Friday, as the situation between the U.S. and Iran may worsen, leading to early capital withdrawal. Investors are advised to pay attention to the China Merchants CSI Treasury and Policy Bank Bond ETF (511580), whose T+0 trading mechanism makes the "Thursday reverse repurchase + Friday purchase" strategy practically valuable, allowing for the locking in of weekend coupon income. This ETF has maintained positive returns for four consecutive years, with an annualized volatility of less than 0.3%

Volatile Market Capital Preservation Guide: Utilizing the "Thursday Rule" for Painless Arbitrage

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Penghua CSI 0-4 Year Local Government Bond ETF is the largest and only short-duration local government bond ETF in the market, established in 2020, primarily tracking the CSI 0-4 Year Local Government Bond Index. This product is characterized by low volatility, high liquidity, and stable returns, meeting investors' needs for cash management and swing trading. According to Wind data, as of March 13, 2026, the scale of Penghua CSI 0-4 Year Local Government Bond ETF reached 9.602 billion yuan, demonstrating strong demand from investors for quality allocation tools. Since its establishment, this ETF has achieved positive net value growth for five consecutive years and received a five-star rating from authoritative institutions

HFT SSE 5 Years Local Government Bond ETF

HFT SSE 10-Year Local Government Bond ETF

"Penghua Local Government Bond ETF Twin Stars": Combining different duration characteristics to meet diverse needs for cash management and swing trading

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Mainland China issued the first two phases of 2026 savings bonds on the 10th, with a maximum issuance amount of 15 billion yuan each. The bonds are divided into three-year and five-year terms, with interest rates of 1.63% and 1.7%, respectively. The minimum purchase point for individuals is 100 yuan, with a maximum purchase limit of 1 million yuan for each. Early redemption requires holding for more than six months and will result in the loss of interest

AASTOCKS

iShares 7-10 Year Treasury Bond ETF

ISHRS Us Trsry Bd

iShares Barclays Short Treasury

iShares 0-3 Month Treasury Bond ETF

Mainland issues the first two batches of savings treasury bonds this year, with a maximum issuance amount of 15 billion RMB each

China Merchants CSI Treasury and Policy Bank Bond 0-3 Years ETF(511580.SH)

China's Central Bank: As of end-March 2026, foreign institutions' custodial balance in China's bond market reached RMB 3.2 trillion

The easing of geopolitical conflicts catalyzes a rebound in long-term bonds, with leading bond funds achieving weekly returns exceeding 1%

The Shanghai Composite Index has once again lost the 3,900-point mark, with trading sentiment weak ahead of the holiday, leading to increased attention on short-duration bond ETFs

Holiday funds do not close! Please keep this short holiday arbitrage strategy handy