永安期货大类资产早报-20250626

Report Overview - Report Title: Big Asset Morning Report - Report Date: June 26, 2025 - Report Team: Macro Team of the Research Center 1. Global Asset Market Performance 1.1 Major Economies' 10 - Year Treasury Yields - On June 25, 2025, yields in the US, UK, France, etc. were 4.293, 4.480, 3.257 respectively [3] - Latest changes ranged from - 0.043 (Japan) to 0.036 (Switzerland), one - week changes from - 0.160 (Japan) to 0.132 (Switzerland), one - month changes from - 0.200 (Japan) to 0.134 (Switzerland), and one - year changes from - 0.984 (Japan) to 0.366 (UK) [3] 1.2 Major Economies' 2 - Year Treasury Yields - On June 25, 2025, yields in the US, UK, Germany, etc. were 3.840, 3.851, 1.840 respectively [3] - Latest changes ranged from - 0.060 (US) to 0.016 (South Korea), one - week changes from - 0.130 (US) to 0.012 (South Korea), one - month changes from - 0.170 (US) to 0.143 (South Korea), and one - year changes from - 0.970 (Germany) to 0.433 (Japan) [3] 1.3 US Dollar vs. Major Emerging Economies' Currencies Exchange Rates - On June 25, 2025, exchange rates against the Brazilian real, Russian ruble, etc. were 5.564, 108.000 respectively [3] - Latest changes ranged from - 1.38% (South African rand) to 1.29% (Brazilian real), one - week changes from - 1.39% (Brazilian real) to 0.00% (Russian ruble), one - month changes from - 11.28% (Thai baht) to 2.65% (Brazilian real) [3] 1.4 Major Economies' Stock Indexes - On June 25, 2025, the Dow Jones was 6092.160, S&P 500 was 42982.430, etc. [3] - Latest changes ranged from - 1.59% (Spanish index) to 2.19% (French CAC), one - week changes from - 3.43% (Mexican index) to 4.03% (French CAC), one - month changes from - 0.18% (Mexican index) to 30.05% (UK index), and one - year changes showed various trends [3] 1.5 Credit Bond Indexes - Latest changes ranged from - 0.09% (Emerging economies' high - yield credit bond index) to 0.13% (Eurozone high - yield credit bond index), one - week changes from - 0.03% (Emerging economies' high - yield credit bond index) to 0.82% (Eurozone high - yield credit bond index), one - month changes from 0.41% (Emerging economies' high - yield credit bond index) to 1.73% (Eurozone high - yield credit bond index), and one - year changes from 5.75% (Emerging economies' investment - grade credit bond index) to 13.70% (Eurozone high - yield credit bond index) [4] 2. Stock Index Futures Trading Data 2.1 Index Performance - On June 25, 2025, the A - share index closed at 3455.97, with a 1.04% increase, the Shanghai - Shenzhen 300 at 3960.07, up 1.44%, etc. [5] 2.2 Valuation - PE(TTM) of the Shanghai - Shenzhen 300 was 13.17, with a 0.14%环比 change, the S&P 500 was 25.85, with a 0.00%环比 change [5] 2.3 Risk Premium - The risk premium of the Shanghai - Shenzhen 300 was 3.70, with a 0.00%环比 change, the S&P 500 was - 0.43, with a 0.00%环比 change [5] 2.4 Fund Flows - The latest value of A - share fund flows was 469.76, the 5 - day average was - 26.39 [5] 2.5 Transaction Amount - The latest transaction amount of the Shanghai and Shenzhen stock markets was 16027.40, with a 1881.58 increase compared to the previous period [5] 2.6 Main Contract Premium/Discount - The basis of IF was - 37.27, with a - 0.94% amplitude, IH was - 25.13, with a - 0.91% amplitude, and IC was - 28.35, with a - 0.48% amplitude [5] 3. Treasury Bond Futures Trading Data 3.1 Futures Prices - On June 25, 2025, the closing prices of T00, TF00, T01, and TF01 were 108.995, 106.190, 109.010, and 106.275 respectively, with - 0.12%, - 0.08%, - 0.12%, and - 0.08% changes [6] 3.2 Fund Rates - The R001 was 1.4402%, with a - 38.00 BP daily change, R007 was 1.8593%, with a 4.00 BP daily change, and SHIBOR - 3M was 1.6300%, with a 0.00 BP daily change [6]