In a volatile market, grasp the allocation value of 5-year treasury bonds. Funds are rushing to buy, with over 650 million yuan net inflow into Guotai Treasury Bond ETF (511010) in the past 20 days

In a volatile market, the Guotai Treasury ETF (511010) has seen a net inflow of over 650 million yuan in the past 20 days. China International Capital Corporation (CICC) pointed out that the overall treasury bond market is showing a volatile trend, with the yield curve steepening and moving downward. The liquidity of 5-year treasury bonds is relatively good, making them an important trading and allocation target. There are twists and turns in the recovery of the economic fundamentals, and the monetary policy remains accommodative, providing support for the bond market. Attention should be paid to the increase in government bond supply and the impact of fiscal policy. It is expected that the yield on 5-year treasury bonds will continue to fluctuate within a range