--- title: "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" type: "News" locale: "en" url: "https://longbridge.com/en/news/282986146.md" description: "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" datetime: "2026-04-16T03:58:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282986146.md) - [en](https://longbridge.com/en/news/282986146.md) - [zh-HK](https://longbridge.com/zh-HK/news/282986146.md) --- # 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 shown good performance, and under geopolitical uncertainty, attention is drawn to the allocation value of the bond market. In terms of liquidity, 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. The core driver of the independent market trend in China's bond market is its low sensitivity to inflation rebound. Despite facing the same external shocks, factors such as the release of strategic oil reserves, weak domestic demand, and low PPI/CPI levels have effectively hedged the inflation transmission effect. Currently, the yield on 10-year government bonds is about 1.8%, still providing significant positive real returns. Compared to the sharp decline in real returns in the global bond market due to inflation shocks, Chinese government bonds are more defensive in the current environment. In addition, the central bank has continuously emphasized a "moderately loose" tone through 2026, maintaining reasonable liquidity through outright reverse repos, MLF renewals, and normalized government bond trading operations, which may lead to a slight decline in government bond yields. The Guotai SSE 10-Year China Treasury Note ETF (511260) tracks the SSE 10-Year Treasury Bond Index, selecting government bonds with a remaining maturity of 7 to 10 years that are listed on the Shanghai Stock Exchange as samples, maintaining a constant duration. From past performance, the Guotai SSE 10-Year China Treasury Note ETF (511260) has repeatedly set new net asset value highs since its establishment, with a history of stable performance. According to the fund's regular report, as of the end of 2025, the one-year return rate reached 0.4%, the three-year return rate reached 14.23%, the five-year return rate reached 23.19%, and the cumulative return rate since inception reached 36.31%. It is worth noting that since its establishment, the Guotai SSE 10-Year China Treasury Note ETF has experienced a total of 8 complete calendar years from 2018 to 2025, maintaining positive returns every year, and is expected to become a valuable asset allocation tool across bull and bear cycles. Daily Economic News ### Related Stocks - [511260.CN](https://longbridge.com/en/quote/511260.CN.md) - [600958.CN](https://longbridge.com/en/quote/600958.CN.md) - [03958.HK](https://longbridge.com/en/quote/03958.HK.md) - [000012.CN](https://longbridge.com/en/quote/000012.CN.md) ## Related News & Research - [VanEck, Grayscale file fresh BNB ETF amendments as race for next altcoin spot ETF accelerates](https://longbridge.com/en/news/286652991.md) - [Three dividend stock ETFs to dodge the bond slump](https://longbridge.com/en/news/287102357.md) - [Worried About a Market Crash? 3 Vanguard ETFs Built to Survive](https://longbridge.com/en/news/286880525.md) - [3 Dividend ETFs to Lock In Before Summer Volatility Picks Up](https://longbridge.com/en/news/286999152.md) - [$100 Invested In iShares S&P 500 Growth ETF 20 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/286800978.md)