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大类资产早报-20250512
Yong An Qi Huo·2025-05-12 06:47
  1. Report Information - Report Title: Big Asset Morning Report - Research Team: Macroeconomic Team of the Research Center - Report Date: May 12, 2025 [2] 2. Global Asset Market Performance 2.1 10 - Year Treasury Yields of Major Economies - On May 9, 2025, the 10 - year Treasury yields of the US, UK, France, etc. were 4.380, 4.566, 3.264 respectively. The latest changes, weekly changes, monthly changes, and annual changes varied across different economies. For example, the US had a 0.000 latest change, 0.206 weekly change, 0.085 monthly change, and - 0.285 annual change [3]. 2.2 2 - Year Treasury Yields of Major Economies - On May 9, 2025, the 2 - year Treasury yields of the US, UK, Germany, etc. were 3.780, 3.902, 1.781 respectively. The latest, weekly, monthly, and annual changes also differed. For instance, the US had a 0.000 latest change, 0.040 weekly change, and - 1.110 annual change [3]. 2.3 Dollar - to - Major Emerging Economies Currency Exchange Rates - On May 9, 2025, the exchange rates of the dollar against the Brazilian real, Russian ruble, South African rand, etc. were presented. The latest, weekly, monthly, and annual changes were provided. For example, the dollar - to - Brazilian real exchange rate had a - 0.16% latest change, 0.59% weekly change, - 5.95% monthly change, and 10.51% annual change [3]. 2.4 Stock Indexes of Major Economies - On May 9, 2025, the closing prices of major stock indexes such as the S&P 500, Dow Jones Industrial Average, and NASDAQ were 5659.910, 41249.380, 17928.920 respectively. The latest, weekly, monthly, and annual changes were different. For example, the S&P 500 had a - 0.07% latest change, 1.78% weekly change, 13.59% monthly change, and 10.98% annual change [3]. 2.5 Credit Bond Indexes - The latest, weekly, monthly, and annual changes of credit bond indexes including US investment - grade, euro - zone investment - grade, and emerging - economies investment - grade were given. For example, the US investment - grade credit bond index had a 0.06% latest change, - 1.02% weekly change, 1.09% monthly change, and 6.74% annual change [3][4] 3. Stock Index Futures Trading Data 3.1 Index Performance - The closing prices of A - shares, CSI 300, SSE 50, ChiNext, and CSI 500 were 3342.00, 3846.16, 2684.01, 2011.77, 5721.72 respectively, with corresponding percentage changes of - 0.30%, - 0.17%, 0.17%, - 0.87%, - 0.90% [5]. 3.2 Valuation - The PE (TTM) of CSI 300, SSE 50, CSI 500, S&P 500, and German DAX were 12.44, 10.84, 28.80, 24.21, 18.87 respectively, with corresponding环比 changes of - 0.01, 0.03, - 0.24, - 0.02, 0.12 [5]. 3.3 Risk Premium - The risk premium (1/PE - 10 - year interest rate) of S&P 500 and German DAX were - 0.25 and 2.74 respectively, with环比 changes of 0.00 and - 0.06 [5]. 3.4 Fund Flows - The latest values and 5 - day average values of fund flows for A - shares, main board, small - and - medium - sized enterprise board, ChiNext, and CSI 300 were presented. For example, the latest fund flow of A - shares was - 1156.52, and the 5 - day average was - 265.74 [5]. 3.5 Trading Volume - The latest trading volumes and环比 changes of the Shanghai and Shenzhen stock markets, CSI 300, SSE 50, small - and - medium - sized board, and ChiNext were given. For example, the latest trading volume of the Shanghai and Shenzhen stock markets was 11920.10, with a环比 change of - 1013.67 [5]. 3.6 Main Contract Premium or Discount - The basis and percentage changes of IF, IH, and IC were - 37.56 (- 0.98%), - 17.81 (- 0.66%), - 116.92 (- 2.04%) respectively [5] 4. Treasury Futures Trading Data - The closing prices and percentage changes of Treasury futures T00, TF00, T01, TF01 were 109.060 (0.19%), 106.095 (0.17%), 109.215 (0.18%), 106.435 (0.16%) respectively. The money market rates R001, R007, SHIBOR - 3M were 1.5221%, 1.5805%, 1.6960% respectively, with daily changes of - 13.00BP, - 7.00BP, - 2.00BP [6]