--- title: "In the second quarter, the bond market may continue to experience volatile recovery, with Pengyang 30-Year Treasury Bond ETF (511090) seeing a net inflow of 245 million yuan in the past 5 days" type: "News" locale: "en" url: "https://longbridge.com/en/news/281469732.md" description: "In the second quarter, the bond market may continue to experience volatile recovery, with the Pengyang Chinabond 30-year Treasury Bond ETF (511090) seeing a net inflow of 245 million yuan in the past five days. On April 1, the interbank bond market in China adjusted, with the yields on major interest rate bonds rising and Treasury futures declining. Industry insiders indicate that the bond market lacks sustained strengthening momentum and is expected to continue its volatile recovery, with term spreads likely to gradually decline. The Pengyang Chinabond 30-year Treasury Bond ETF closely tracks the Chinabond 30-year Treasury Bond Index, serving as a performance benchmark for investing in such bonds" datetime: "2026-04-02T05:24:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281469732.md) - [en](https://longbridge.com/en/news/281469732.md) - [zh-HK](https://longbridge.com/zh-HK/news/281469732.md) --- # In the second quarter, the bond market may continue to experience volatile recovery, with Pengyang 30-Year Treasury Bond ETF (511090) seeing a net inflow of 245 million yuan in the past 5 days On April 2, 2026, in the afternoon, as of 13:07, the 30-year Treasury Bond ETF Pengyang (511090) had a turnover of 8.79% during the session, with a transaction volume of 1.707 billion yuan. Looking at a longer time frame, as of April 1, the average daily transaction volume of the 30-year Treasury Bond ETF Pengyang over the past year was 7.463 billion yuan. In terms of scale, the latest size of the 30-year Treasury Bond ETF Pengyang reached 19.39 billion yuan. Regarding capital inflow, looking at a longer time frame, there were net inflows of funds on 3 out of the last 5 trading days, totaling 245 million yuan. According to Wind data, on April 1, the interbank bond market in China underwent a significant adjustment, with strong rebounds in domestic and foreign stock markets putting pressure on the bond market, leading to an increase in yields on major interest rate bonds. Treasury futures collectively declined, while the interbank market maintained a loose liquidity environment, with the weighted average interest rate of DR001 slightly decreasing and hovering around 1.27%. Industry insiders indicated that after a noticeable decline in yields at the end of the quarter, there has been significant pressure to give back in the past two days, showing that the volatile situation is difficult to change. Overall, the current bond market lacks sustained upward momentum. With signs of easing in the Middle East situation, attention should be paid to China's economic data and policy responses in the future. Some institutions stated that the bond market may continue to experience volatile recovery in the second quarter, with term spreads expected to gradually narrow and credit spreads likely to fluctuate at low levels. The previous continuous adjustment at the long end and the significant widening of term spreads have already reflected much of the inflation sentiment and quarter-end institutional behavior, resulting in a relatively steep curve. With seasonal liquidity easing, the recovery of bank allocation power after the quarter-end, combined with the weakening impact of the Spring Festival on March economic data, it is expected that the bond market will continue to experience volatile recovery, and the previously significantly widened term spreads are expected to gradually decline. The 30-year Treasury Bond ETF Pengyang closely tracks the China Bond - 30-Year Treasury Bond Index (Total Value) Wealth Index, which belongs to the China Bond Total Index family. The index components consist of book-entry treasury bonds that are publicly issued and traded in the domestic market with a maturity of 30 years and a remaining term of 25-30 years (including 25 years and 30 years) (excluding special treasury bonds), and can serve as a performance benchmark and target index for investing in such bonds. Risk Warning: The China Bond - 30-Year Treasury Bond Wealth (Total Value) Index (Code: CBA21801) is sourced from the China Bond Financial Valuation Center Co., Ltd. ("China Bond"). This fund is a passively managed exchange-traded index fund that primarily adopts a sampling replication strategy to track the market performance of the target index, possessing risk-return characteristics similar to those represented by the target index. Investors in this fund face potential risks such as deviations between the target index returns and the corresponding market average returns, fluctuations in the target index, failure to meet tracking error control targets, changes to the target index, cessation of services by the index compilation agency, suspension or default of component bonds, etc. This product is issued and managed by Pengyang Fund Management Co., Ltd., and the sales agency does not bear investment or redemption responsibilities for the product. The fund manager commits to managing and utilizing fund assets with principles of honesty, credit, diligence, and responsibility, but does not guarantee that the fund will achieve profits or a minimum return. The past performance of the fund does not indicate its future performance, and the performance of other funds managed by this company does not constitute a prediction or guarantee of the performance of this fund Investors should carefully read the fund contract, prospectus, and summary of fund product information and other legal documents before investing in a fund, fully understanding the risk-return characteristics of the fund products. Based on an understanding of the product situation and the suitability opinions of the sales institution, investors should make independent decisions regarding fund investments according to their own risk tolerance, investment horizon, and investment objectives, and choose suitable fund products. Funds carry risks, and investments should be made with caution. The above content does not indicate the future performance of this fund, does not serve as a guarantee of investment returns, and does not constitute any investment advice ### Related Stocks - [511090.CN](https://longbridge.com/en/quote/511090.CN.md) - [511130.CN](https://longbridge.com/en/quote/511130.CN.md) ## Related News & Research - [30 Year Yield Soars To 19 Year High After Two Huge Treasury Block Sales](https://longbridge.com/en/news/286934555.md) - [Forget T-bills. This active ETF is paying more with less hassle.](https://longbridge.com/en/news/286950170.md) - [U.K. Sells 4 Billion Pounds in July 2036 Gilt](https://longbridge.com/en/news/287193275.md) - [Bond ETFs Are Having A Banner Year As Investors Rush To Lock In High Yields](https://longbridge.com/en/news/287124290.md) - [Worried About a Market Crash? 3 Vanguard ETFs Built to Survive](https://longbridge.com/en/news/286880525.md)