4月第5期：资金净流出，交投活跃度

Group 1: Market Overview - The total trading volume of the A-shares last week was 4.08 trillion yuan, a decrease from the previous week[9] - The turnover rate was 4.08%, also down from the previous week[9] - The net outflow of market funds amounted to 184.42 billion yuan, indicating weakened liquidity[9] Group 2: Fund Flows and Financing - The issuance scale of equity funds was 12.728 billion yuan, a decline from the previous week[21] - Margin trading saw a net outflow of 161.45 billion yuan, with its trading volume dropping to 8.38% of the A-share total[25] - There were no IPOs last week, and the refinancing scale was 2 cases totaling 23.75 million yuan[29] Group 3: Bond Market and Interest Rates - The net injection of funds in the open market was 735.8 billion yuan last week[12] - The yield on 10-year government bonds decreased by 3 basis points, while the yield on 1-year bonds increased by 1 basis point, narrowing the yield spread[12] - The probability of the Federal Reserve not lowering interest rates in May rose to 97%[17] Group 4: Investor Behavior - Institutional investors reduced their holdings in the top five sectors: electric power equipment, non-bank financials, computers, electronics, and machinery[5] - The total amount of shares released from lock-up was 38.099 billion yuan, with the top three sectors being pharmaceuticals, basic chemicals, and machinery[34]