宏观金融数据日报-20250526

Report Summary 1. Report Industry Investment Rating - No information provided 2. Core View of the Report - With the market's volatility from tariff impacts and policy support waning, and the current rebound reaching the upper limit of the range, in the absence of incremental catalysts, the stock index may enter a short - term shock consolidation phase. It is advisable to cautiously observe the stock index and pay attention to macro incremental signals [6] 3. Summary by Relevant Content Interest Rate and Central Bank Operations - Interest rate data: DRO01 closed at 1.57 with a 8.84bp increase; DR007 at 1.59 with a 2.00bp increase; GC001 at 1.70 with a 21.50bp increase; GC007 at 1.73 with a 11.50bp increase; SHBOR 3M at 1.64 with a 0.20bp increase; LPR 5 - year at 3.60 with no change; 1 - year treasury at 1.45 with a - 0.29bp change; 5 - year treasury at 1.53 with a - 1.00bp change; 10 - year treasury at 1.72 with a 0.01bp change; 10 - year US treasury at 4.54 with a - 4.00bp change [4] - Last week, the central bank conducted 9460 billion yuan of reverse repurchase operations, 5000 billion yuan of MLF operations, and 2400 billion yuan of treasury cash fixed - deposit operations. There were 4860 billion yuan of reverse repurchases due, resulting in a net injection of 1.2 trillion yuan in the central bank's open - market operations [4] - This week, 9460 billion yuan of reverse repurchases will mature, with 1350 billion, 3570 billion, 1570 billion, 1545 billion, and 1425 billion yuan maturing from next Monday to next Friday respectively [5] - On May 20, the 1 - year LPR was 3.0% (previously 3.1%), and the 5 - year LPR was 3.5% (previously 3.6%). State - owned large - scale banks and some joint - stock banks lowered their deposit listing rates, with the current deposit rate of state - owned large - scale banks falling below 0.1% and the 1 - year fixed - deposit rate falling below 1% [5] Stock Index Market - Last week, the CSI 300 fell 0.18% to 3882.3; the SSE 50 fell 0.18% to 2711.9; the CSI 500 fell 1.1% to 5653; the CSI 1000 fell 1.29% to 5989.7. The average daily trading volume decreased by 836.9 billion yuan compared to the previous week [6] - As of May 22, the margin trading balance of A - shares was 18034.6 billion yuan, an increase of 23.8 billion yuan from the previous week [6] - Among the Shenwan primary industry indices, last week, the pharmaceutical biology (1.8%), comprehensive (1.4%), non - ferrous metals (1.3%), automobile (1.2%), and household appliances (1.2%) sectors led the gains, while the computer (-3%), machinery and equipment (-2.5%), communication (-2.3%), electronics (-2.2%), and non - bank finance (-1.7%) sectors led the losses [6] - On May 23, Trump proposed a 50% tariff on the EU starting from June 1, which may be to pressure the EU and push it to increase trade pressure on China and address US concerns in trade negotiations [6]