大类资产早报-20250411

Report Summary 1. Report Industry Investment Rating No information provided in the given content. 2. Core View of the Report The report presents the performance data of various global asset markets on April 10, 2025, including 10 - year and 2 - year government bond yields of major economies, exchange rates of the US dollar against major emerging - economy currencies, RMB exchange rates, stock indices of major economies, credit bond indices, as well as trading data of stock index futures, government bond futures, and money market interest rates. 3. Summary by Related Catalogs Global Asset Market Performance - 10 - year Government Bond Yields: On April 10, 2025, the 10 - year government bond yields of the US, UK, France, etc. were 4.428, 4.647, 3.352 respectively. The latest changes, weekly changes, monthly changes, and annual changes vary by country. For example, the US had a latest change of 0.092, a weekly change of 0.295, a monthly change of 0.115, and an annual change of 0.227 [1]. - 2 - year Government Bond Yields: The 2 - year government bond yields of the US, UK, Germany, etc. on April 10, 2025, were 3.710, 3.899, 1.781 respectively. The latest changes, weekly changes, monthly changes, and annual changes also differ among countries. For instance, the US had a latest change of - 0.020, a weekly change of - 0.180, a monthly change of - 0.330, and an annual change of - 0.830 [1]. - US Dollar against Emerging - Economy Currencies: On April 10, 2025, the exchange rate of the US dollar against the Brazilian real was 5.886, with a latest change of 1.04%, a weekly change of 4.00%, a monthly change of 1.48%. Changes in other currency pairs also vary [1]. - RMB Exchange Rates: On April 10, 2025, the on - shore RMB, off - shore RMB, middle price, and 12 - month NDF were 7.318, 7.309, 7.209, 7.141 respectively. The latest changes, weekly changes, monthly changes, and annual changes are - 0.39%, 0.69%, 1.10%, 1.32% for on - shore RMB respectively [1]. - Stock Indices: On April 10, 2025, the Dow Jones Industrial Average was 5268.050, with a latest change of - 3.46%, a weekly change of - 7.10%, and a monthly change of - 5.92%. Stock indices of other countries also have different performance and changes [1]. - Credit Bond Indices: On April 10, 2025, the US investment - grade credit bond index was 3286.380, with a latest change of - 0.58%, a weekly change of - 2.64%, and a monthly change of - 1.61%. Other credit bond indices also show different trends [1]. Stock Index Futures Trading Data - Index Performance: The closing prices of A - shares, CSI 300, SSE 50, ChiNext, and CSI 500 were 3223.64, 3735.12, 2612.62, 1900.53, 5544.06 respectively, with corresponding percentage changes of 1.16%, 1.31%, 0.60%, 2.27%, 1.92% [2]. - Valuation: The PE (TTM) of CSI 300, SSE 50, CSI 500, S&P 500, and German DAX were 12.07, 10.48, 27.28, 22.53, 16.88 respectively, with corresponding环比 changes of 0.10, 0.01, 0.49, - 0.81, 0.73 [2]. - Fund Flows: The latest values of fund flows in A - shares, the main board, small and medium - sized enterprise board, ChiNext, and CSI 300 were - 440.01, - 295.29, N/A, - 124.82, - 93.11 respectively, and the 5 - day average values were - 4.72, 43.85, N/A, - 34.29, 148.46 respectively [2]. - Trading Volume: The latest trading volumes of the Shanghai and Shenzhen stock markets, CSI 300, SSE 50, small - cap board, and ChiNext were 16094.68, 4038.43, 1148.06, 3082.80, 4251.57 respectively, with corresponding环比 changes of - 901.37, - 511.88, - 289.00, - 203.91, 62.67 [2]. - Basis Spread: The basis spreads of IF, IH, and IC were - 62.12, - 30.42, - 35.06 respectively, with corresponding spreads of - 1.66%, - 1.16%, - 0.63% [2]. Government Bond Futures Trading Data - Closing Prices and Percentage Changes: The closing prices of T00, TF00, T01, and TF01 were 109.035, 106.500, 109.070, 106.635 respectively, with percentage changes of 0.13%, 0.16%, 0.13%, 0.16% [3]. - Funding Rates: The funding rates of R001, R007, and SHIBOR - 3M were 1.6842%, 1.7618%, 1.8000% respectively, with daily changes of - 16.00 BP, - 8.00 BP, - 1.00 BP [3].