Group 1: Report Investment Ratings - There is no information about the industry investment rating in the report. Group 2: Core Views - As A-shares are about to enter the earnings report period and there is uncertainty regarding the implementation of Trump's tariff policy on April 2, market risk appetite may experience periodic fluctuations. Although there may be short-term corrections, this will not change the long-term development trend of the market. IC and IM may offer better entry opportunities after moderate corrections [1]. - Recently, the bond market lacks negative factors, while there are relatively more positive news. In the short term, attention should be paid to the profit-taking pressure that may result from overly consistent market expectations. However, before clear fundamental signals emerge, overall, the bulls still hold the upper hand [3]. Group 3: Strategy Recommendations - The stock index is expected to move in a volatile manner [2]. - For treasury bonds, it is recommended to take profits and wait and see [4]. Group 4: Market Review - The main contract futures of the CSI 300 Index fell 0.26%, the main contract futures of the SSE 50 Index fell 0.50%, the main contract futures of the CSI 500 Index rose 0.10%, and the main contract futures of the CSI 1000 Index rose 0.42% [6]. - The 10-year main contract rose 0.27%, the 5-year main contract rose 0.18%, the 30-year main contract rose 0.63%, and the 2-year main contract rose 0.09% [9]. Group 5: Technical Analysis - The Shanghai Composite Index is below the 5-day moving average [7]. - The T continuous contract closed above the 5-day moving average [10]. Group 6: Futures Data | Date | Futures Variety | Closing Price (yuan/piece) | Change (%) | Trading Volume (lots) | Open Interest (lots) | | --- | --- | --- | --- | --- | --- | | 2025/03/26 | CSI 300 Continuous | 3,891.80 | -0.26 | 45,817 | 154,083 | | 2025/03/26 | SSE 50 Continuous | 2,676.00 | -0.50 | 22,285 | 50,488 | | 2025/03/26 | CSI 500 Continuous | 5,895.80 | 0.10 | 46,238 | 71,729 | | 2025/03/26 | CSI 1000 Continuous | 6,129.40 | 0.42 | 123,686 | 155,502 | | 2025/03/26 | 10-year Treasury Bond Continuous | 108.00 | 0.27 | 68,604 | 175,285 | | 2025/03/26 | 5-year Treasury Bond Continuous | 105.73 | 0.18 | 50,567 | 153,356 | | 2025/03/26 | 30-year Treasury Bond Continuous | 116.77 | 0.63 | 102,815 | 100,975 | | 2025/03/26 | 2-year Treasury Bond Continuous | 102.46 | 0.09 | 37,430 | 95,653 | [12]
金融期货日报-2025-03-27
Chang Jiang Qi Huo·2025-03-27 02:27