宏观金融数据日报-20250521

1. Report Industry Investment Rating - No information provided in the given content 2. Core Viewpoints - On May 20, the central bank guided the LPR to decline synchronously through policy rate cuts, which will drive down the loan costs of enterprises and residents and reduce the financing costs of the real economy. Meanwhile, state - owned big banks and some joint - stock banks lowered deposit rates, with the current deposit rate of state - owned big banks falling below 0.1% and the 1 - year fixed - deposit rate falling below 1%. Driven by liquidity, small - cap stocks were active, and the stock index showed a strong oscillation. In the short term, the market may enter a shock consolidation phase, and short - term long positions should consider taking profits on rallies and beware of adjustment risks [4][6] 3. Summary by Related Catalogs 3.1 Macro Financial Data - Interest Rates: DR001 closed at 1.52%, down 2.07bp; DR007 at 1.59%, down 1.57bp; GC001 at 1.52%, up 3.00bp; GC007 at 1.62%, up 2.00bp; SHBOR 3M at 1.64%, down 0.30bp; LPR 5 - year at 3.50%, down 10.00bp; 1 - year treasury at 1.44%, up 0.25bp; 5 - year treasury at 1.54%, up 1.10bp; 10 - year treasury at 1.67%, up 1.20bp; 10 - year US treasury at 4.46%, up 3.00bp [3] - Central Bank Operations: The central bank conducted 1350 billion yuan of 7 - day reverse repurchase operations with an operating rate of 1.40%. With 430 billion yuan of repurchase maturing, the net investment on the day was 920 billion yuan [3] 3.2 Stock Index Market - Index Performance: The CSI 300 rose 0.54% to 3898.2; the SSE 50 rose 0.43% to 2716.6; the CSI 500 rose 0.46% to 5747.4; the CSI 1000 rose 0.83% to 6146. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 1.2 trillion yuan, an increase of nearly 100 billion yuan from the previous day. Most industry sectors closed higher, with jewelry, household light industry, and other sectors leading the gains, while the shipping port sector fell sharply [5] - Futures Contracts: For IF, the closing price of the current - month contract was 3862, up 0.6%, with a trading volume of 72250 (up 4.0%) and an open interest of 237717 (up 1.2%); for IH, the current - month contract closed at 2699, up 0.4%, with a trading volume of 37208 (up 2.2%) and an open interest of 78851 (up 2.3%); for IC, the current - month contract closed at 5621, up 0.5%, with a trading volume of 67678 (down 9.4%) and an open interest of 199111 (down 2.3%); for IM, the current - month contract closed at 6019, up 0.7%, with a trading volume of 173350 (down 9.7%) and an open interest of 309017 (down 2.7%) [5] - Premium and Discount Situation: IF's current - month contract premium was 9.90%, IH's was 7.47%, IC's was 19.78%, and IM's was 24.26% [7]