大类资产早报-20250630

Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Core View of the Report - No clear core view is presented in the provided documents. The content mainly consists of data on global asset markets, including bond yields, exchange rates, stock indices, and futures trading data. 3. Summary by Relevant Catalogs Global Asset Market Performance - 10 - Year Treasury Yields: On June 27, 2025, the 10 - year Treasury yields of major economies varied. For example, the US was 4.279%, the UK was 4.503%, and China was 1.646%. There were different changes in the latest, one - week, one - month, and one - year periods. For instance, the US had a latest change of 0.036, a one - week change of - 0.099, a one - month change of - 0.141, and a one - year change of 0.055 [2]. - 2 - Year Treasury Yields: The 2 - year Treasury yields also showed differences among major economies on June 27, 2025. The US was 3.740, the UK was 3.835, etc. Changes in different time periods were also provided, such as the US having a latest change of - 0.010, a one - week change of - 0.200, a one - month change of - 0.200, and a one - year change of - 1.010 [2]. - Exchange Rates: The US dollar exchange rates against major emerging economies' currencies had various changes. For example, against the Brazilian real, it was 5.487 on June 27, 2025, with a latest change of - 0.05%, a one - week change of - 0.49%, a one - month change of - 3.19%, and a one - year change of 0.95%. The RMB also had different changes in on - shore, off - shore, and other aspects [2]. - Stock Indices: Major economies' stock indices had different closing prices and changes on June 27, 2025. The Dow Jones was 6173.070, the S&P 500 was 43819.270, etc. Changes in the latest, one - week, one - month, and one - year periods were also presented. For example, the S&P 500 had a latest change of 1.00%, a one - week change of 3.82%, a one - month change of 3.80% [2]. - Credit Bond Indices: Different credit bond indices, including emerging economies' investment - grade and high - yield, and US and euro - zone investment - grade and high - yield, had different changes in the latest, one - week, one - month, and one - year periods [2][3]. Stock Index Futures Trading Data - Index Performance: The A - share closed at 3424.23 with a - 0.70% change, the CSI 300 closed at 3921.76 with a - 0.61% change, etc. [4] - Valuation: The PE (TTM) of the CSI 300 was 13.02 with a - 0.14 change, the PE (TTM) of the S&P 500 was 26.20 with a 0.13 change [4]. - Risk Premium: The risk premium of the S&P 500 was - 0.46 with a - 0.05 change, and that of the German DAX was 2.27 with a - 0.10 change [4]. - Fund Flow: The latest A - share fund flow was - 459.27, and the 5 - day average was 100.21 [4]. - Trading Volume: The latest trading volume of the Shanghai and Shenzhen stock markets was 15411.01 with a - 420.50 change [4]. - Main Contract Premium/Discount: The basis of IF was - 45.16 with a - 1.15% change, the basis of IH was - 27.57 with a - 1.02% change, and the basis of IC was - 36.73 with a - 0.63% change [4]. Treasury Futures Trading Data - Closing Prices and Changes: The closing price of T00 was 109.045 with a - 0.04% change, the closing price of TF00 was 106.265 with a - 0.02% change, etc. [5] - Funding Rates: R001 was 1.4600% with a - 46.00 BP change, R007 was 1.9201% with a 0.00 BP change, and SHIBOR - 3M was 1.6300% with a 0.00 BP change [5]