Bond ETF scale and trading volume increase simultaneously, becoming a temporary "safe haven" for funds

In the context of market fluctuations, funds are shifting towards defensive assets, and bond ETFs have become an important vehicle for risk aversion. Over the past month, due to market volatility and a decline in risk appetite, fund allocation has become cautious, putting pressure on equity assets. Funds have flowed into bond ETFs, with both scale and trading volume increasing, becoming a temporary "safe haven." Institutions believe that the current bond market faces a mix of liquidity and fundamental factors. In the short term, attention should be paid to tax periods and supply pressures, while in the medium term, it is necessary to address inflation expectations and economic recovery. Overall allocation remains defensive, with a focus on short to medium-term coupon strategies as the main line