大类资产早报-20250515

Report Information - Report Date: May 15, 2025 [2] - Team: Research Center's Macro Team [2] Global Asset Market Performance 10-Year Treasury Yields - On May 14, 2025, the 10-year Treasury yields of the US, UK, and France were 4.538%, 4.712%, and 3.378% respectively [3]. - Latest changes in yields for major economies varied, with the US up 0.071 and Switzerland down -0.009 [3]. - One-year changes showed significant differences, like the UK up 0.491 and Japan down -0.780 [3]. 2-Year Treasury Yields - On May 14, 2025, the 2-year Treasury yields of the US, UK, and Germany were 3.980%, 4.018%, and 1.938% respectively [3]. - Latest changes in yields had different trends, such as the US up 0.100 and South Korea down -0.024 [3]. - One-year changes also differed greatly, like the US down -0.990 and Japan up 0.423 [3]. Exchange Rates - On May 14, 2025, the US dollar to Brazilian real exchange rate was 5.638, and the latest change was 0.53% [3]. - The onshore and offshore RMB exchange rates were 7.208 and 7.211 respectively, with latest changes of 0.05% and 0.17% [3]. - One-year changes in exchange rates showed various trends, such as the US dollar to Brazilian real up 11.06% and the US dollar to Malaysian ringgit down -9.52% [3]. Stock Indices - On May 14, 2025, the S&P 500 index was 5892.580, and the latest change was 0.10% [3]. - The Hang Seng Index was 23640.650, with a latest change of 2.30% [3]. - One-year changes in stock indices also varied, like the S&P 500 up 13.74% and the French CAC down -2.00% [3]. Credit Bond Indices - Latest changes in credit bond indices showed different trends, with the US investment - grade credit bond index down -0.30% and the euro - zone high - yield credit bond index unchanged at 0.00% [3][4]. - One - year changes were positive across the board, with the US investment - grade credit bond index up 4.70% and the emerging economies high - yield credit bond index up 12.31% [4]. Stock Index Futures Trading Data Index Performance - The closing prices of A - shares, CSI 300, and SSE 50 were 3403.95, 3943.21, and 2753.79 respectively, with corresponding daily increases of 0.86%, 1.21%, and 1.69% [5]. Valuation - The PE (TTM) of CSI 300, SSE 50, and S&P 500 were 12.72, 11.08, and 25.21 respectively, with环比 changes of 0.15, 0.15, and 0.03 [5]. Fund Flows - The latest net inflow of A - shares was 149.28, while the 5 - day average was -304.29 [5]. Trading Volume - The latest trading volume of the Shanghai and Shenzhen stock markets was 13167.27, with a环比 increase of 252.02 [5]. Basis and Spread - The basis of IF, IH, and IC were -35.81, -16.19, and -101.32 respectively, with corresponding spreads of -0.91%, -0.59%, and -1.75% [5]. Treasury Futures Trading Data Closing Prices and Price Changes - The closing prices of T00, TF00, T01, and TF01 were 108.535, 105.810, 108.690, and 106.080 respectively, with price increases of 0.17%, 0.06%, 0.15%, and 0.04% [6]. Funding Rates - The R001, R007, and SHIBOR - 3M were 1.4412%, 1.5440%, and 1.6530% respectively, with daily changes of -9.00 BP, 1.00 BP, and -1.00 BP [6].