Long-term bonds have performed well, and under geopolitical uncertainty, attention is drawn to the allocation value of the bond market. The Guotai SSE 10-Year China Treasury Note ETF (511260) has seen a net inflow of over 1.6 billion yuan in the past 20 days

Long-term bonds have performed well. Amid geopolitical uncertainties, the Guotai SSE 10-Year China Treasury Note ETF (511260) has seen a net inflow of over 1.6 billion yuan in the past 20 days. Dongfang Securities Hong Kong pointed out that the Bloomberg China Government Bond and Policy Bank Index recorded a total return of +0.24% in March, making it the only major global bond market to achieve positive returns that month. Chinese government bonds are more defensive in the current environment, with a 10-year treasury yield of about 1.8%. Since its inception, the 10-Year Treasury Note ETF has shown stable historical performance, with a return rate of 0.4% over the past year, 14.23% over the past three years, and 23.19% over the past five years