大类资产早报-2025-04-02

Report Summary 1. Report Industry Investment Rating - No information provided in the content. 2. Core View of the Report - The report presents the latest data on major global asset markets, including government bond yields, exchange rates, stock indices, and credit bond indices, along with their changes over different time periods [2][3][4]. 3. Summary by Related Catalogs Government Bond Yields - 10 - year Government Bonds: On April 1, 2025, the 10 - year government bond yields of the US, UK, France, etc. were 4.170%, 4.637%, 3.400% respectively. The latest changes ranged from - 0.077% (Italy) to 0.023% (South Korea), with significant differences in one - year changes, such as - 0.754% for Japan and 0.643% for the UK [2]. - 2 - year Government Bonds: The 2 - year government bond yields of the US, UK, Germany, etc. on April 1, 2025, were 3.890%, 4.171%, 2.019% respectively. The latest changes varied, with - 0.080% for the US and 0.021% for Japan. One - year changes also showed large disparities, like - 0.790% for the US and 0.662% for Japan [2]. Exchange Rates - Dollar against Major Emerging Economies' Currencies: On April 1, 2025, the exchange rate of the dollar against the Brazilian real was 5.683, with a latest change of - 0.41%. Against the South African rand, it was 18.472, with a latest change of 0.82%. One - year changes also differed, e.g., 14.13% for the Brazilian real and - 1.86% for the South African rand [2]. - Renminbi: On April 1, 2025, the on - shore renminbi was 7.270, the off - shore renminbi was 7.281, the middle - price was 7.178, and the 12 - month NDF was 7.100. The latest changes were 0.18%, 0.21%, - 0.01%, and 0.20% respectively. One - year changes were 0.98%, 0.82%, 1.17%, and 0.06% respectively [2]. Stock Indices - Major Economies' Stock Indices: On April 1, 2025, the Dow Jones was 5633.070, the S&P 500 was 41989.960, etc. The latest changes ranged from - 0.03% (S&P 500) to 2.82% (Taiwan stock index). One - year changes also varied, such as 7.47% for the Dow Jones and - 12.72% for the Nikkei [2]. - Emerging Economies' Stock Indices: On April 1, 2025, the Malaysian stock index was not available, the Australian economic index was 8126.909, and another emerging economy's stock index was 1110.660. The latest changes were 0.92% and 0.84% respectively. One - year changes were 1.02% and 5.94% respectively [2]. Credit Bond Indices - On April 1, 2025, the US investment - grade credit bond index was 3373.740, the euro - zone investment - grade credit bond index was 258.470, etc. The latest changes were between 0.10% (euro - zone high - yield credit bond index) and 0.25% (US investment - grade credit bond index). One - year changes were between 4.98% (euro - zone investment - grade credit bond index) and 12.29% (emerging economies' high - yield credit bond index) [2]. Stock Index Futures Trading Data - Index Performance: On April 1, 2025, the A - share index closed at 3348.44, with a 0.38% increase. The PE (TTM) of the S&P 500 was 24.09, with a 0.09% month - on - month change. The risk premium of the German DAX was 2.72, with a - 0.04% month - on - month change [3]. - Fund Flows: The latest A - share fund flow was - 236.42, and the 5 - day average was - 410.90. The latest transaction amount of the Shanghai and Shenzhen stock markets was 11322.67, with a month - on - month change of - 892.63 [3]. - Main Contract Premium and Discount: The basis of IF was - 28.08, with a - 0.72% premium and discount rate; the basis of IH was - 0.91, with a - 0.03% premium and discount rate; the basis of IC was - 42.25, with a - 0.72% premium and discount rate [3]. Treasury Bond Futures Trading Data - On April 1, 2025, the closing prices of T00, TF00, T01, and TF01 were 107.760, 105.570, 107.795, and 105.600 respectively, with small changes in the range of - 0.00% to - 0.02%. The R001, R007, and SHIBOR - 3M were 1.9246%, 1.9802%, and 1.9070% respectively, with daily changes of - 38.00, - 32.00, and 0.00 BP respectively [4].