花旗：全球宏观策略价格与跨资产监控

Investment Rating - The report does not explicitly mention an investment rating for the industry or specific companies [1][2][3] Core Views - The report focuses on global macro strategy, analyzing what is priced in across G10 and emerging markets (EM) [12][18] - It provides a cross-asset monitor highlighting large sigma deviations across equities, rates, FX, and commodities [13] G10 Central Bank Rates - The US policy rate is 5.00%, with a market-implied max rate of 4.78% and min rate of 3.25% by end-2024 [19] - Eurozone policy rate is 3.50%, with a market-implied max rate of 3.32% and min rate of 1.94% [19] - Japan's policy rate is 0.25%, with a market-implied max rate of 0.35% and min rate of 0.23% [19] Emerging Markets (EM) Rate Movements - India's target rate is 6.50%, with a 3-month rate movement of 9bp and a 12-month movement of -4bp [24] - China's target rate is 2.35%, with a 3-month rate movement of -22bp and a 12-month movement of -35bp [24] - Brazil's target rate is 10.75%, with a 3-month rate movement of 102bp and a 12-month movement of 178bp [24] Cross-Asset Performance - Top performers in cross-asset include JPY 5y, ILS 5y, and CNH 5y, while bottom performers include CAD 2y, CNH 10y, and CSI 300 [26] - Equity performers show significant movements, with the CSI 300 experiencing a 22.6% change over 1 month [31] Equity Market Performance - The DOW JONES showed a 1-day change of 0.5% and a 1-month change of 4.8% [31] - The S&P 500 had a 1-day change of 0.8% and a 1-month change of 4.9% [31] - The NASDAQ experienced a 1-day change of 0.8% and a 1-month change of 5.4% [31] Inflation Rates - The US headline CPI is at 2.40% YoY, while core CPI is at 3.30% YoY [19] - Eurozone headline CPI is at 1.80% YoY, with core CPI at 2.70% YoY [19] - Japan's headline CPI is at 3.00% YoY [19]